Solved

Table 23-8 A Country Produces Only Meat and Potatoes in the Quantities

Question 376

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. 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.
-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:

verifed

Verified

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

Related Questions