Multiple Choice
(Advanced analysis) Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5.The current year per-unit prices of these three goods are A = $2, B = $3, and C = $1.If the per-unit prices of the three goods were each $1 in a base year used to construct a GDP price index, then the GDP price index in the current year is
A) 205.5.
B) 255.5.
C) 39.3.
D) 100.
Correct Answer:
Verified
Correct Answer:
Verified
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