The Table Below Shows the Total Output and Prices for an Economy

question 5

Multiple Choice

The table below shows the total output and prices for an economy that produces only two goods,potatoes and oil.Data is provided for the years 2008 and 2018. Quantities Produced Prices TABLE 20-6
Refer to Table 20-6.What is the real GDP for 2008 if 2018 is the base year?

• A)$6750
• B)$7975
• C)$9000
• D)$10 500
• E)$20 100

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Definitions:

Presbycusis

Age-related hearing loss that gradually occurs as one gets older, affecting the ability to hear higher frequencies.

Glaucoma

A group of eye conditions that damage the optic nerve, essential for vision, often resulting in vision loss and blindness.

Curvature

the degree of curvature or bending in a line or surface, often used in mathematics and physics.

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Temporary suspension of breathing while asleep.