Answer to Question #72677 in Macroeconomics for Sophia

Question #72677
In 2005, 1000 kilograms of potatoes were sold for $4/kilogram. Also, 50 barrels of oil were sold for $55 per barrel. In 2015, 1100 kilograms of potatoes were sold for $6/kilogram. Also, 65 barrels of oil were sold for $60 per barrel. What is the real GDP for 2005 if 2015 is the base year? Show your calculations.
1
Expert's answer
2018-01-23T08:38:08-0500
Real GDP for 2005 if 2015 is the base year is
1000*6+50*60=$9000

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal