Question 23 (1 point) Consider the following data that gives the quantity produced and unit price...

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business economics

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Answer 1

Answer #1

Ans: $5,400

Explanation:

To calculate we have to multiply base year price with Current year quantity.

Real GDP in 2013 = ($2.00 * 600) + ($4.00 * 900) + ($2.00 * 300)

= 1200 + 3600 + 600

= $5,400

Thus, option [a] is correct answer.

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Answer 2

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