Multiple Choice
Table 23-10
A hypothetical country of Lahland produces only movies and popcorn. Quantities and prices of these goods for the last several years are shown below. The base year is 2015 .
Prices and Quantities
-Refer to Table 23-10. What was this country's nominal GDP in 2014?
A) $9,500
B) $10,000
C) $10,200
D) $10,500
Correct Answer:

Verified
Correct Answer:
Verified
Q3: GDP is not a perfect measure of
Q14: Since transfer payments by government are not
Q24: Table 23-4<br>The table below reports nominal and
Q31: Table 23-11<br>The country of Batavia produces only
Q63: Expenditures on a nation's domestic production<br>A)are less
Q76: If net exports is a negative number
Q82: Which of the following is not an
Q105: Joe and Jim purchase vegetables at a
Q116: The basic tools of supply and demand
Q141: In years of economic contraction, firms throughout