Solved

Bananaland Produces Only Bananas and Sunscreen and the Quantities and 2013\\
\hline\text

Question 36

Multiple Choice

 Data for 2012 Data for 2013 Item Quantity Price Quantity  Price  Bananas 100$2.00125$4.00 Sunscreen 60$5.0075$4.00\begin{array}{lllll}&\text { Data for } 2012&&\text { Data for } 2013\\\hline\text { Item}&\text{ Quantity}&\text{ Price}&\text{ Quantity }&\text{ Price }\\\hline \text { Bananas } & 100 & \$ 2.00 & 125 & \$ 4.00 \\\text { Sunscreen } & 60 & \$ 5.00 & 75 & \$ 4.00\\\hline\end{array}
Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above.
-The base year is 2012. Nominal GDP in 2013 is equal to


A) $625.
B) $500.
C) $640.
D) $800.
E) $200.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions