Solved

-Bananaland Produces Only Bananas and Sunscreen and the Quantities and Prices

Question 235

Multiple Choice

-Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above.The base year is 2012.Real GDP in 2012 is equal to A) $800. B) $640. C) $625. D) $500. E) $200.
-Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above.The base year is 2012.Real GDP in 2012 is equal to


A) $800.
B) $640.
C) $625.
D) $500.
E) $200.

Correct Answer:

verifed

Verified

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

Related Questions

Q10: Can nominal GDP ever be less than

Q230: Real GDP measures the value of goods

Q231: Consumption expenditure includes spending<br>A)on intermediate goods and

Q232: Economists define investment to include purchases of<br>A)capital

Q233: The sum of all the income categories

Q234: Real GDP is the value of final

Q236: The category of "rent" in the income

Q237: In 2009 in the United States,consumption expenditure

Q238: Investment is the expenditure done by<br>A)savers.<br>B)firms.<br>C)governments.<br>D)the rest

Q239: A new technology is discovered which results