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Ao9 Ao9
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9 years ago
For the following questions, suppose an economy produces only pens and pencils, and that the quantity and price data is given by this table
   pens   pencils
Year 1 quantity   15   10
Year 1 price   $12   $12
Year 2 quantity   17   12
Year 2 price   $14   $15

What is the real GDP in year 2 using base year 1?
A) $300.
B) $360.
C) $338.
D) $418
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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9 years ago
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