Multiple Choice
The next questions refer to the following hypothetical economy
In one year, an economy produces 100 units of capital goods, which sell for $30 each, and 200 units of consumer goods, which sell for $10 each. In the second year, 150 units of capital are produced, and sold for $20 each, while 220 units of consumer goods are produced and sold for $20 each. In the third year, 160 units of capital are sold for $30 each, and 200 units of consumer goods are sold for $20 each.
-Using chain-weighted prices with year one as the base year,real GDP in years one,two,and three respectively was
A) 5000, 6428, 6299
B) 5000, 6700, 7200
C) 6000, 6800, 7400
D) 6320, 8900, 8800
E) 6083, 8070, 7909
Correct Answer:

Verified
Correct Answer:
Verified
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