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  3. Study Set
    Macroeconomics Study Set 48
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    Exam 7: GDP and the CPI: Tracking the Macroeconomy
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    Use the Following to Answer Questions
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Use the Following to Answer Questions

Question 2

Question 2

Multiple Choice

Use the following to answer questions: Use the following to answer questions:   -(Table: Lemonade and Cookies)  Use Table: Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. If 2013 is the base year, real GDP in 2013 was: A)  $400. B)  $420. C)  $425. D)  $445.
-(Table: Lemonade and Cookies) Use Table: Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. If 2013 is the base year, real GDP in 2013 was:


A) $400.
B) $420.
C) $425.
D) $445.

Correct Answer:

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