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exhibit. Suppose that the very small economy represented in this exhibit produces and consumes only three goods: fruit, meat, and clothing. Assuming that the base
exhibit. Suppose that the very small economy represented in this exhibit produces and consumes only three goods: fruit, meat, and clothing. Assuming that the base year is 1997, Real GDP in 2022 equals Goods 1997 Quantities 1997 Prices 2022 Quantities 2022 Prices fruit 100 $1.00 120 $1.50 meat 40 $5.00 60 $6.80 clothing 65 $20.00 75 $24.00 a. $2,388. b. $1,600. c. $1,920. d. $1,982
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