Assuming that 1990 is the base year, Real GDP in 2012 is:
a. $49
b. $51
c. $86
d. $92.
e. Not possible to calculate without the CPI.
GDP in 1990 is:
a. $92
b. $49
c. $31
d. $86
e. impossible to calculate without the CPI
GDP in 2012 is:
a. $51
b. $86
c. $92
d. $49
e. not possible to calculate without the CPI
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Home » Business » Goods 1990 Quantities 1990 Prices 2012 Quantities 2012 Prices papayas 10 $1.00 20 $0.50 fish 15 $0.60 20 $0.80 skirts 8 $4.00 15 $4.00 Refer to the above data Assuming that 1990 is the base year, Real GDP in 2012 is: a. $49 b. $51 c. $86 d. $92. e.