Consider the Data Shown in the Table A)$250,000
B)$262,500
C)$288,750
D)$275,625

Multiple Choice

Consider the data shown in the table. Assume that the economy produces only textbooks. What is the nominal GDP for last year?
$$\begin{array} { | l | c | c | } \hline & \begin{array} { c } \text { Textbooks } \\\text { Sold }\end{array} & \begin{array} { c } \text { Actual } \\\text { Price }\end{array} \\\hline \text { Last year } & 5,000 & \$ 50 \\\hline \text { This year } & 5,250 & \$ 55 \\\hline\end{array}$$

A) $250,000
B) $262,500
C) $288,750
D) $275,625