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Answer the Question Based on the Following Price and Output

Question 116

Multiple Choice

Answer the question based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. Answer the question based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. Refer to the above data. If year 2 is the base year, then Real GDP in year 5 is: A) $120 B) $90 C) $60 D) $30 Refer to the above data. If year 2 is the base year, then Real GDP in year 5 is:


A) $120
B) $90
C) $60
D) $30

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