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two questions thanks 1. The precise definition of GDP is the total value of all Select one: a. goods and services produced for the marketplace

two questions thanks

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1. The precise definition of GDP is the total value of all Select one: a. goods and services produced for the marketplace during a given period b. goods and services produced by a nation, minus household labor c. final goods and services produced for the marketplace during a given period, within a nation's borders d. goods and services produced by a nation, minus depreciation e. final goods and services produced within a nation's borders and by this nation's citizens abroad during a given period 2.Use the table below to calculate the CPI in 2007. Assume the base year is 2006 and the cost of the market basket in the base year is $200. 2006 2007- Price Quantity Price Quantity Oranges $1.00 100 $1.10- 125( Apples $0.50 200 $0.60- 230- The CPI in 2007 is Select one: a. 100- b. 115~ c. 126 d. 230

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