1. **State the problem:** Calculate the current-year real GDP using base-year prices.
2. **Formula:** Real GDP in current year = \( \sum (\text{quantity in current year} \times \text{price in base year}) \)
3. **Given data:**
- Loaves of bread: base year price = 1.00, current year quantity = 80
- Cartons of milk: base year price = 1.00, current year quantity = 100
4. **Calculate real GDP:**
\[
\text{Real GDP} = (80 \times 1.00) + (100 \times 1.00) = 80 + 100 = 180
\]
5. **Interpretation:** The current-year real GDP, using base-year prices, is 180.
**Final answer:** 180
Real Gdp Calculation B32Bd9
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