The Next Questions Refer to the Following Hypothetical Economy

question 17

Multiple Choice

The next questions refer to the following hypothetical economy
In one year, an economy produces 100 units of capital goods, which sell for $30 each, and 200 units of consumer goods, which sell for $10 each. In the second year, 150 units of capital are produced, and sold for $20 each, while 220 units of consumer goods are produced and sold for $20 each. In the third year, 160 units of capital are sold for $30 each, and 200 units of consumer goods are sold for $20 each.
-Using chain-weighted prices with year one as the base year,real GDP in years one,two,and three respectively was

• A) 5000, 6428, 6299
• B) 5000, 6700, 7200
• C) 6000, 6800, 7400
• D) 6320, 8900, 8800
• E) 6083, 8070, 7909

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Definitions:

Dropping Product

The decision to stop manufacturing, selling, or supporting a product, often due to low sales or profitability.

Eliminating Product

The process of discontinuing the production and sale of a product, typically due to poor sales, profitability, or strategic realignment.

Financial Advantage

The benefit gained from making a financially prudent decision that leads to wealth accumulation, cost savings, or any other monetary gain.

Dropping Product

The decision to discontinue the production and sale of a product line or item, typically due to it not meeting financial or strategic goals.