Solved

The Following Table Shows the Production and Prices of an Economy's

Question 134

Multiple Choice

The following table shows the production and prices of an economy's only two goods,TVs and computers,in 2003 and 2009.Assume that 2003 is the base year.
The following table shows the production and prices of an economy's only two goods,TVs and computers,in 2003 and 2009.Assume that 2003 is the base year. -What is real GDP in 2009? A) $15,000. B) $15,460. C) $27,500. D) $36,750. E) $50,110.
-What is real GDP in 2009?


A) $15,000.
B) $15,460.
C) $27,500.
D) $36,750.
E) $50,110.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q129: Life expectancy is _ and the probability

Q130: Despite some limitations,_ remains the best available

Q131: An economy produces only 500,000 tables valued

Q132: Leaving the labour force or finding a

Q133: If Bountiful Orchard grows $100,000 worth of

Q135: National defence services provided by the military

Q136: Which of the following is NOT a

Q137: To calculate nominal GDP,the quantities of goods

Q138: In the monthly survey conducted by Statistics

Q139: The table provides labour force data for