Multiple Choice
Table 23-8
A country produces only meat and potatoes in the quantities and prices listed below. Use 2011 as the base year.
-Refer to Table 23-8. In 2012, nominal GDP is
A) $191.50, and real GDP is $170.
B) $157, and real GDP is $170.
C) $191.50, and real GDP is $157.
D) $170, and real GDP is $227.50.
Correct Answer:

Verified
Correct Answer:
Verified
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