In the imaginary island of Atlantica production only includes coconuts and pineapples. The table below reports the quantity of coconuts and pineapples sold in Atlantica along with their prices. Based on this data and using 2013 as the base year what was Atlantica's real GDP in 2015? Year Quantity of coconuts Price per coconut Quantity of pineapples Price per pineapple 2010 200 $3 150 $2 2013 210 $4 150 $2.5 2015 250 $5 175 $4 Select one: O a. $1650 o b. $1215 O c. $1437.5 o d. $1300

In the imaginary island of Atlantica production only includes coconuts and pineapples. The table below reports the quantity of coconuts and pineapples sold in Atlantica along with their prices. Based on this data and using 2013 as the base year what was Atlantica's real GDP in 2015? Year Quantity of coconuts Price per coconut Quantity of pineapples Price per pineapple 2010 200 $3 150 $2 2013 210 $4 150 $2.5 2015 250 $5 175 $4 Select one: O a. $1650 o b. $1215 O c. $1437.5 o d. $1300

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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