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41. (Table: Three-Good Economy I) Suppose an economy produces only the three finished goods shown in the table. The table gives information on the quantities produced and the prices of goods sold in 2008 and 2009. If prices in 2008 are used to calculate real GDP, what is the real GDP in 2008? Product Computers Pizzas Burgers Quantity (2008) 25 90 180 A) $20,134 B) $21,134 $25,260 D) $26,260 Price (2008) $800.00 Quantity (2009) 30 100 9.00 1.80 200 21,134 - 31,400 Price (2009) $1,000.00 10.00 2.00

41. (Table: Three-Good Economy I) Suppose an economy produces only the three finished goods shown in the table. The table gives information on the quantities produced and the prices of goods sold in 2008 and 2009. If prices in 2008 are used to calculate real GDP, what is the real GDP in 2008? Product Computers Pizzas Burgers Quantity (2008) 25 90 180 A) $20,134 B) $21,134 $25,260 D) $26,260 Price (2008) $800.00 Quantity (2009) 30 100 9.00 1.80 200 21,134 - 31,400 Price (2009) $1,000.00 10.00 2.00

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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41. (Table: Three-Good Economy I) Suppose an economy produces only the three finished goods shown in the table. The table gives information on the quantities produced and the prices of goods sold in 2008 and 2009. If prices in 2008 are used to calculate real GDP, what is the real GDP in 2008? Product Computers Pizzas Burgers Quantity (2008) 25 90 180 A) $20,134 B) $21,134 C) $25,260 D) $26,260 Price (2008) $800.00 9.00 1.80 Quantity (2009) 30 100 200 21134-31,400 Price (2009) $1,000.00 10.00 2.00
Transcribed Image Text:41. (Table: Three-Good Economy I) Suppose an economy produces only the three finished goods shown in the table. The table gives information on the quantities produced and the prices of goods sold in 2008 and 2009. If prices in 2008 are used to calculate real GDP, what is the real GDP in 2008? Product Computers Pizzas Burgers Quantity (2008) 25 90 180 A) $20,134 B) $21,134 C) $25,260 D) $26,260 Price (2008) $800.00 9.00 1.80 Quantity (2009) 30 100 200 21134-31,400 Price (2009) $1,000.00 10.00 2.00
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