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Suppose people only consume 3 different goods. Refer to the following table that shows the prices and quantities of each good consumed in 2006 and

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Suppose people only consume 3 different goods. Refer to the following table that shows the prices and quantities of each good consumed in 2006 and 2007. What is the real GDP in 2007? Year Fish Pork Beef Price ($) Quantity Price ($) Quantity Price ($) Quantity 7 400 8 225 175 2006 10 8 550 7 250 12 275 2007 O $9,400 O $9,000 $8,600 $8,200

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