Use the following table to answer the next question. The base year is 2007. Hot Dogs Baseballs Bottles of Soda Price Quantity Price Quantity Price Quantity Year $2.00 $5.00 50 100 5.00 5.00 100 8.00 200 10.00 200 Real GDP (constant dollars) for 2005 equals 2005 100 $2.00 2.00 2.00 4.00 200 4.00 100 2006 4.00 100 150 2007 6.00 100 200 2008 8.00 150 2009 10.00 200 250 A) $650 B) $1500 C) $1050 D) $100
Use the following table to answer the next question. The base year is 2007. Hot Dogs Baseballs Bottles of Soda Price Quantity Price Quantity Price Quantity Year $2.00 $5.00 50 100 5.00 5.00 100 8.00 200 10.00 200 Real GDP (constant dollars) for 2005 equals 2005 100 $2.00 2.00 2.00 4.00 200 4.00 100 2006 4.00 100 150 2007 6.00 100 200 2008 8.00 150 2009 10.00 200 250 A) $650 B) $1500 C) $1050 D) $100
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 5SQ
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