Answer the Question on the Basis of the Following Information

question 10

Multiple Choice

Answer the question on the basis of the following information: 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. (Advanced analysis) Refer to the information.If the per unit prices of the three goods were each $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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Definitions:

Interest Rate Futures

Financial derivatives that allow investors to bet on or hedge against future changes in interest rates.

Sell

The action of offloading an investment from one's portfolio, typically with the goal of realizing gains or limiting losses.

Year-End

The end of a fiscal or calendar year, often used to reference the closing of financial accounts.

Taxes

Mandatory financial charges or levies imposed by a government on individuals, entities, or transactions to fund government spending and various public expenditures.