The table below gives the quantities and prices for 2005 and 2015 for an economy that produces just two goods: sailboats and coconuts. Quantities ProducedPrices?2005201520052015Sailboats1020$500$525Coconuts2,0002,400$1$2 For this economy that produces just sailboats and coconuts, and with 2005 as the base year, real GDP was approximately ________ times larger in 2015 than it was in 2005.
A. 1.34
B. 1.77
C. 2.19
D. 1.65
Answer: B
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Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false
Who wrote the 1936 book titled The General Theory of Employment, Interest, and Money?