Answer:
The correct answer is $480.
Explanation:
Real GDP is the value of economic output calculated in an economy in a year. It is an inflation-adjusted measure. IT calculates growth in GDP on the basis of base year price. So, the change in price is not included and only change in output is included.
The price of green pepper in the base year was $2. The price of red pepper was $3.
Real GDP
= 150 × $2 + 60 × $3
= $300 + $180
= $480
The real GDP in the current year is $480.