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Refer to the Following Table When Answering -Consider Table 2

Question 74

Multiple Choice

Refer to the following table when answering .
In this economy, only two goods are produced: video games and pistachios.

Table 2.3: National Income Accounting
20172018 Quantity of pistachios 1,0001,100 Quantity of video games 500500 Price of pistachios $1.00$1.50 Price of video games $15.00$14.75\begin{array} { l | r r } \hline & 2017 & 2018 \\\hline \text { Quantity of pistachios } & 1,000 & 1,100 \\\text { Quantity of video games } & 500 & 500 \\\text { Price of pistachios } & \$ 1.00 & \$ 1.50 \\\text { Price of video games } & \$ 15.00 & \$ 14.75 \\\hline\end{array}
-Consider Table 2.3. Using the Paasche index, real GDP in 2017 is:


A) $8,475
B) $8,500
C) $8,600
D) $9,150
E) $8,875

Correct Answer:

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