Only Three Goods Are Produced in an Economy in the Following

question 75

Multiple Choice

Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5.The current year per unit prices of these three goods are A = $2, B = $3, and C = $1.If the per unit prices of the three goods each were $1 in a base year used to construct a GDP price index, then the GDP price index in the current year is:

• A)205.5.
• B)255.5.
• C)39.3.
• D)100

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