Real and Nominal GDP |video games energy drinks year 1 price year 1 output year 2 price year 2 output year 3 price year 3 output 40 100 500 40 2.5 120 550 45 2.5 150 600 Based on the table "Real and Nominal GDP," if year one is the base year, then the real GDP in year three, is A) 7200 B) 8250 C) 1050 D) 7500 E) none of the above

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Chapter5: Measuring A Nation's Income
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Real and Nominal GDP
jenergy drinks
2
video games
year 1 price
year 1 output
year 2 price
year 2 output
40
100
500
40
2.5
120
550
year 3 price
year 3 output
45
2.5
150
600
Based on the table "Real and Nominal GDP," if year one is the base year, then the real GDP in
year three, is
A) 7200
В) 8250
С) 1050
D) 7500
E) none of the above
Transcribed Image Text:Real and Nominal GDP jenergy drinks 2 video games year 1 price year 1 output year 2 price year 2 output 40 100 500 40 2.5 120 550 year 3 price year 3 output 45 2.5 150 600 Based on the table "Real and Nominal GDP," if year one is the base year, then the real GDP in year three, is A) 7200 В) 8250 С) 1050 D) 7500 E) none of the above
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