Multiple Choice
Wobet is a small country that produces only steak and potatoes.Steaks have a price of $10 each and potatoes have a price of $1 each.Suppose that Wobet produces 10 steaks and 20 potatoes in 2010.Using ________,Wobet has GDP equal to ________.
A) market value;30 units
B) a market basket;30 units
C) market value;$120
D) real value;$120
E) a price index;$120
Correct Answer:
Verified
Correct Answer:
Verified
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