Assume an economy produces only hamburgers and hot dogs and the base year is 2016.   Quantities ProducedPrices?2016201720162017Hamburgers2,0003,000$2$3.00Hot dogs3,0004,000$1$1.50Given the data in the table above, what is the value of real GDP in 2017?

A. $ 7,000
B. $10,000
C. $10,500
D. $ 5,000


Answer: B

Economics

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