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Table: Per Capita GDP

-(Table: Per Capita GDP) Look at the table Per Capita GDP. If 2011 is the base year, real GDP in 2011 was:
A)$500.
B)$3,000.
C)$4,000.
D)$300,000.

Question

Use the following to answer questions :
Table: Per Capita GDP
 
-(Table: Per Capita GDP) Look at the table Per Capita GDP. If 2011 is the base year, real GDP in 2011 was:
A)$500. 
B)$3,000. 
C)$4,000. 
D)$300,000.

Quizplus · Accepted Answer

Real GDP in the base year is always equal to the nominal GDP in that year. In this case, the base year is 2011 and the nominal GDP in 2011 is $3,000. Therefore, the real GDP in 2011 is also $3,000.

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