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123lol456 123lol456
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A year ago
Scenario: An economy produces only cell phones. In 2015, the economy manufactured 275 cell phones, and each cell phone sold for $200. In 2016, the economy manufactured 280 cell phones, but the price of each cell phone fell to $180.


Refer to the scenario above. Using 2016 as the base year, what was the real GDP of the economy in 2015?

▸ $49,500

▸ $50,000

▸ $52,500

▸ $40,500
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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Hollywood1971Hollywood1971
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A year ago
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123lol456 Author
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A year ago
Thanks for your help!!
ofsuahasiufhoas
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Correct Slight Smile TY
Tabitha.davis
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You make an excellent tutor!
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