Top Posters
Since Sunday
k
1
1
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
pjstaud pjstaud
wrote...
Go to Answer
Posts: 134
Rep: 0 0
A year ago
Scenario: A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP.


Refer to the scenario above. The real GDP of the country in Year 2 was ________.

▸ $32,000,000

▸ $240,000

▸ $1,420,000

▸ $1,680,000
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 34 times
1 Reply
Replies
Answer verified by a subject expert
itashiaitashia
wrote...
#1
Posts: 139
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

pjstaud Author
wrote...

A year ago
Brilliant ツ
kh540941
wrote...

Yesterday
this is exactly what I needed
Tim0301
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  827 People Browsing
 104 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 327
  
 4432
  
 953
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Which country would you like to visit for its food?