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The following table contains prices and quantities for the three goods produced in the country of ...

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The following table contains prices and quantities for the three goods produced in the country of ...

The following table contains prices and quantities for the three goods produced in the country of Linfieldia.

Year	Price of a Notebook	Quantity of Notebooks	Price of a Thesis	Quantity of Theses	Price of a Doughnut	Quantity of Doughnuts
2014	$2.00	80	$830	6	$0.50	400
2015	$2.50	75	$780	8	$1.00	400
2016	$3.00	90	$1,500	3	$1.00	350

Refer to the table above. Assuming 2015 is the base year, what is real GDP for 2014?

▸ $5,790

▸ $5,340

▸ $5,280

▸ $6,430

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 26 times

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dmahr

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nsdq007 Author

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Smart ... Thanks!

carston

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Good timing, thanks!

Smair87

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Correct

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