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pjstaud pjstaud
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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
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itashiaitashia
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A year ago
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pjstaud Author
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A year ago
Thank you, thank you, thank you!
ky
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Yesterday
Correct Slight Smile TY
sakoon
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2 hours ago
Smart ... Thanks!
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