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Consider the Following Data That Gives the Quantity Produced and Unit

question 56

Multiple Choice

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next five questions: Assume that the base year is 2012.
Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next five questions: Assume that the base year is 2012.    -Real GDP is GDP measured in: A)  current prices. B)  base year prices. C)  average prices. D)  marginal prices. E)  nominal prices.
-Real GDP is GDP measured in:


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