Consider the Following Data That Gives the Quantity Produced and Unit

Multiple Choice

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next five questions: Assume that the base year is 2012.

-Real GDP is equal to:

A) current prices * base year output.
B) current prices * current output.
C) base year prices * base year output.
D) base year prices * current output.
E) current output 2 base year prices.