Question: Consider the data shown in the table. Assume that the economy produces only barrels of oil. What is the real GDP for this year

Consider the data shown in the table. Assume that the economy produces only barrels of oil. What is the real

Consider the data shown in the table. Assume that the economy produces only barrels of oil. What is the real GDP for this year using last year as the base year? Actual Price Last year 80,000 $60 This year 83,000 $63 Barrels of Oil Sold O $5,104,500 $5,229,000 O $4,800,000 O $4,980,000

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