Refer to the following table when answering the following questions. In this economy, only two goods are produced: video games and pistachios.
Table 2.3: National Income Accounting
-Consider Table 2.3. Using the Laspeyres index, the percent change in real GDP was about:
A) 6 percent.
B) 5 percent.
C) 0 percent.
D) 1 percent.
E) Not enough information is given.

Question

Refer to the following table when answering the following questions. In this economy, only two goods are produced: video games and pistachios.
Table 2.3: National Income Accounting 
-Consider Table 2.3. Using the Laspeyres index, the percent change in real GDP was about:
A) 6 percent. 
B) 5 percent. 
C) 0 percent. 
D) 1 percent. 
E) Not enough information is given.

Quizplus · Accepted Answer

The Answer of Refer to the following table when answering the following questions. In this economy, only two goods are produced: video games and pistachios.
Table 2.3: National Income Accounting 
-Consider Table 2.3. Using the Laspeyres index, the percent change in real GDP was about:
A) 6 percent. 
B) 5 percent. 
C) 0 percent. 
D) 1 percent. 
E) Not enough information is given.

Refer to the Following Table When Answering the Following Questions