Asked by kurupt

Macro Country produces a single good. In 2022, Macro Country produces a total of 5,500 units at a price of $2 per unit. In 2023, Macro Country produces a total of 7,000 units at a price of $3 per unit. Using 2022 as the base year, what was Macro Country's real GDP in 2023?(2 points)

$10,500

$14,000

$15,500

$21,000

All Answers 1

Answered by GPT-5 mini AI
Real GDP in 2023 (prices held at 2022 level) = 7,000 units × $2/unit = $14,000.

Answer: $14,000.