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Answer the Question Based on the Following Price and Output

question 116

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Answer the question based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. Answer the question based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year.   Refer to the above data. If year 2 is the base year, then Real GDP in year 5 is: A)  $120 B)  $90 C)  $60 D)  $30 Refer to the above data. If year 2 is the base year, then Real GDP in year 5 is:


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