(Solution Document) The total value of commodity A produced in Country X increased from $500,000 in


The total value of commodity A produced in Country X increased from $500,000 in 2011 to $700,000 in 2012. According to Laura, a student of economics, the share of commodity A in real GDP of 2012 should be higher than that of 2011.

Which of the following, if true, would strengthen Laura's argument?

A. The quantity of commodity A produced in 2011 was higher than in 2012. B. The scale of production in 2012 was smaller than in 2011. C. The total amount of inputs used in the production of commodity A was higher in 2011 than in 2012. D. Only a fraction of commodity A produced in 2012 was consumed in the same year. E. The average price level in the economy remained stable over the two years.

 







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