Assume that in year 1 an economy produces 1000 units of output and they sell for $100 a unit, on average. in year 2, the economy produces the same 1000 units of output, and sells it for $110 a unit, on average. use year 1 prices to calculate real gdp in year 1 and year 2. what happened to real gdp between years 1 and 2? why?
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Home » Business » Assume that in year 1 an economy produces 1000 units of output and they sell for $100 a unit, on average. in year 2, the economy produces the same 1000 units of output, and sells it for $110 a unit, on average.