The following table reports prices and quantities of the final goods produced in an economy.

Using 2016 prices calculate the value of real GDP in 2015 and 2016 respectively?

Question

The following table reports prices and quantities of the final goods produced in an economy.    
   
  
 Using  2016 prices  calculate the value of real GDP in 2015 and 2016 respectively?

Accepted Answer

2015 = $3,500 and 2016 = $4,200

Answer

2015 = $5,500 and 2016 = $4,200

Answer

2015 = $4,200 and 2016 = $6,600

Answer

2015 = $2,500 and 2016 = $5,500

Answer

2015 = $5,500 and 2016 = $6,600

Crowdly

The following table reports prices and quantities of the final goods produced in...

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