Business, 07.06.2021 23:40, getsic

Assuming that 1990 is the base year, Real GDP in 2012 is: a. $51
b. $86
c. $92
d. $49

Goods 1990 Quantities 1990 Prices 2012 Quantities 2012 Prices
Papayas 10 $1.00 20 $0.50
Fish 15 $0.60 20 $0.80
Skirts 8 $4.00 15 $4.00

Answers: 1

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Assuming that 1990 is the base year, Real GDP in 2012 is: a. $51
b. $86
c. $92
d....