Question: Table 8-18 2008 2013 Product Quantity Price Quantity Price Camera 100 $10 120 $12 Legal services 50 15 45 20 Books 200 40 210 45

Table 8-18 2008 2013 Product Quantity Price Quantity Price Camera 100 $10 120 $12 Legal services 50 15 45 20 Books 200 40 210 45 A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2008 and 2013 are shown in the table above. 20) Refer to Table 8-18. What is real GDP in 2013, using 2013 as the base year? 20) A) $28,885 B) $11,790 C) $11,200 D) $10,275

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