Refer to the above information. If the per unit prices of the three goods each were $1 in a base year used to construct a GDP price index, then the GDP price index in the current year is:

a) 205.5.

b) 255.5.

c) 39.3.

d) 100.

ANSWER:

b) 255.5.

Refer to the above information. If the per unit prices of the three goods each were $1 in a base year used to construct a GDP price index, then the GDP price index in the current year is:

a) 205.5.

b) 255.5.

c) 39.3.

d) 100.

ANSWER:

b) 255.5.