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he following table
contains information about an economy that produces only soda and pizza. The
base year is 2020. Use this information to answer the question.
|
Year |
Price of Soda |
Quantity of Soda |
Price of Pizza |
Quantity of
Pizza |
|
2020 |
$3 |
100 |
$10 |
50 |
|
2021 |
3 |
120 |
12 |
70 |
|
2022 |
4 |
120 |
14 |
70 |
What is the value of
real GDP for 2021?
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ANSWER:
b. $1,060 |