A South Sea Island Produces Only Coconuts

question 165

Multiple Choice

A south sea island produces only coconuts.In 2008, the price of a coconut is $1 and the quantity produced is 200.In 2009, the price of a coconut is $1.50 and the quantity produced is 250.2008 is the base year.Real GDP in 2009 is ________.

• A) $375
• B) $350
• C) $200
• D) $250
• E) $1.50

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