Solved

Refer to Table 13 -Refer to Table 13

Question 35

Multiple Choice

Refer to Table 13.1 for the following questions.
Table 13.1 A very simple economy producing three goods: movies, burgers, and bikes. 20122017 Product  Quantity  Price  Quantity  Price  Movies 20$630$7.00 Burgers 100$290$2.50 Bikes 3$10006$1100\begin{array} { | c | c | c | c | c | } \hline & { 2012 } &&{ 2017 } \\\hline \text { Product } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \text { Movies } & 20 & \$ 6 & 30 & \$ 7.00 \\\hline \text { Burgers } & 100 & \$ 2 & 90 & \$ 2.50 \\\hline \text { Bikes } & 3 & \$ 1000 & 6 & \$ 1100 \\\hline\end{array} 20122017 Praduct  Quantity  Price  Quantity  Price  Movies 20$630$7.00 Burgers 100$290$2.50 Bikes 3$10006$1100\begin{array} { | c | c | c | c | c | } \hline & { 2012 } && { 2017 } \\\hline \text { Praduct } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \text { Movies } & 20 & \$ 6 & 30 & \$ 7.00 \\\hline \text { Burgers } & 100 & \$ 2 & 90 & \$ 2.50 \\\hline \text { Bikes } & 3 & \$ 1000 & 6 & \$ 1100 \\\hline\end{array}
-Refer to Table 13.1.What is real GDP in 2017,using 2012 as the base year?


A) $3 320
B) $3 690
C) $6 360
D) $7 035

Correct Answer:

verifed

Verified

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

Related Questions