Principles of Macroeconomics

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Table 1

6. Table 1 above gives the production and prices for a small nation that produces only pizza and lemonade. The base year is 2005. What is real GDP in 2006?

A. $20,000

B. $24,000

C. $25,000

D. $30,000

11. The data in Table 2 above shows the consumption by families in an economy. The year 2009 is the base year. What is the CPI for 2010?

A. 95.65

B. 100

C. 220

D. 104.55

E. 230