Multiple Choice
Refer to the information provided in Table 6.10 below to answer the questions that follow.
Table 6.10
-Refer to Table 6.10. Assume that this economy produces only two goods Good X and Good Y. If year 2 is the base year, the value for this economy's real GDP in year 3 is
A) $270.
B) $178.
C) $156.
D) $132.
Correct Answer:

Verified
Correct Answer:
Verified
Q200: Refer to the information provided in Table
Q201: Double counting can be avoided by<br>A) including
Q202: Per capita gross national income (GNI) increases
Q203: If real GDP rises, then so must
Q204: GDP measures the total income of everyone
Q206: Value added is the difference between the
Q207: A country's GNP will definitely exceed its
Q208: Stock market transactions are part of GNP.
Q209: Proprietors' income is<br>A) the income of unincorporated
Q210: The change in business inventories is measured