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Table 15-8 Year Guns Produced 2000 2006 80 90 Price of Guns (Dollars) $5 $6 Butter Produced 40 60 Price of Butter (Dollars) $4 $10

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Table 15-8 Year Guns Produced 2000 2006 80 90 Price of Guns (Dollars) $5 $6 Butter Produced 40 60 Price of Butter (Dollars) $4 $10 Consider the following data for a fictional economy that produces only two products: guns and butter. Refer to Table 15-8. Real GDP for this fictional economy for 2006 using 2000 as the base year equals $560. $1,140. $690. $880

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