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Question s/ Assume an economy produces only hamburgers and hot dogs and the base year is 2019. Quantities Produced Prices 2019 2020 2019 2020 Hamburgers

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Question s/ Assume an economy produces only hamburgers and hot dogs and the base year is 2019. Quantities Produced Prices 2019 2020 2019 2020 Hamburgers 2,000 3,000 $ 2 $ 3.00 Hot dogs 3,000 4,000 $ 1 $ 1.50 Given the data in the table above, what is the value of real GDP in 2020? A $ 5,000 B $ 7,000 C $10,000 D $10,500 X

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