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1. 2. 3. What is the real GDP in year 1 in the Country of Vegetable, with year 1

ID: 1123445 • Letter: 1

Question

1. 2.
3. What is the real GDP in year 1 in the Country of Vegetable, with year 1 as the base year? The following are the final goods and services produced In year 1 In the Country of Vegetable Good Celery Peas Carrots Broccoli Quantity 3 lbs 1.5 lbs 5 lbs 8 lbs Price $3.00Mb $8.75/b $2.50Mb 5.25Mb The following are the final goods and services produced In year 2 In the Country of Vegetable. Good Celery Peas Carrots Broccoli Quantity 2 lbs 3 lbs 5 lbs 9 lbs Price $2.50b $10.50Mb $2.50Mb 700Mb Select one: o a. 17.5lbs b. $22.50 O c. $76.63 d. $91.75

Explanation / Answer

1.

real GDP in year 1

=3*3+1.5*8.75+5*2.50+8*5.25

=76.63

the above is the answe

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