Solved

The Following Table Contains Prices and Quantities for the Three

Question 98

Multiple Choice

The following table contains prices and quantities for the three goods produced in the country of Linfieldia.
The following table contains prices and quantities for the three goods produced in the country of Linfieldia.    -Refer to the table above.Assuming that 2015 is the base year,what is nominal GDP for 2016? A)  $5,120 B)  $5,450 C)  $5,900 D)  $6,330
-Refer to the table above.Assuming that 2015 is the base year,what is nominal GDP for 2016?


A) $5,120
B) $5,450
C) $5,900
D) $6,330

Correct Answer:

verifed

Verified

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

Related Questions