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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.
Expert's answer
Real GDP for 2005 if 2015 is the base year is
1000*6+50*60=$9000

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