Answer to Question #69186 in Microeconomics for edward

Question #69186

Assume an economy produces only hamburgers and the base year is 2009.

Quantity Produced Price
2009 2010 2009 2010
Hamburgers 2,000 3,000 $2 $3

43. What is the Real GDP in the year 2010?

Expert's answer

Real GDP2010 = P2009 *Q2010
Real GDP2010 = $2* 3 000 = $6 000

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