The country of Arrakis produces only three goods, as listed in the table below. Using 2019 as the baseyear, what is real GDP in 2020?Spice2018Water bottles 1000 30KnivesPrice Quantity Price Quantity Price(pesos)(pesos)(pesos)125a. 150,623 pesosO b. 171,030 pesosc. 145,360 pesosO d. 145,371 pesos35020198012002306547520201121400340Quantity115650202

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The country of Arrakis produces only three goods, as listed in the table below. Using 2019 as the base year, what is real GDP in 2020? 2018 Price 2019 Quantity Price 2020 Quantity Price Quantity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The country of Arrakis produces only three goods, as listed in the table below. Using 2019 as the base
year, what is real GDP in 2020?
Spice
2018
Water bottles 1000 30
Knives
Price Quantity Price Quantity Price
(pesos)
(pesos)
(pesos)
1
25
a. 150,623 pesos
O b. 171,030 pesos
c. 145,360 pesos
O d. 145,371 pesos
350
2019
80
1200
2
30
65
475
2020
112
1400
3
40
Quantity
115
650
202

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