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Product Movies 20 Burgers 100 Bikes 3 O$3,320 $3,690 2002 Quantity $6,360 $7,035 2002 Price $6 $2 $1,000 Suppose that a very simple economy produces

Product Movies 20 Burgers 100 Bikes 3 O$3,320 $3,690 2002 Quantity $6,360 $7,035 2002 Price $6 $2 $1,000 Suppose that a very simple economy produces three goods: movies, burgers, and bikes. The quantities produced and their prices for 2002 and 2015 are shown in the table. What is real GDP in 2015, using 2002 as the base year?

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2015 Quantity 30 90 6 2015 Price $7 $2.50 $1,100

Suppose that a very simple economy produces three goods: movies, burgers, and bikes. The quantities produced and their prices for 2002 and 2015 are shown in the table. What is real GDP in 2015, using 2002 as the base year? $3,320 $3,690 $6,360 $7,035

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