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27. Figure 23-1 The following table contains information about an economy that produces only pens and books. The base year is 2003. Year Price of

27. Figure 23-1 The following table contains information about an economy that produces only pens and books. The base year is 2003. Year Price of pens Quantity of Price of books Quantity of pens books 2003 63 100 E10 50 2004 120 12 70 2005 120 14 70 Refer to Figure 23-1. What is the value of real GDP for 2004? a. $800 b. $1.060 C. (1.460 d. 61.200 e. none of these answers

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