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July 1, 2015

Homework Help: [Urgent] Economics - GDP

Posted by Christopholees on Tuesday, June 30, 2009 at 9:52pm.

(Quantity, Price)

2000
...Popcorn: (200,$1)
....Novels: (50,$20)
.....Shoes: (8,$100)

2001
...Popcorn: (250,$2)
....Novels: (30,$25)
.....Shoes: (10,$80)

If 2000 is the base year, what is the real GDP in 2001?

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