Consider the Data Shown in the Table A)$5,104,500
B)$5,229,000
C)$4,920,000
D)$4,800,000

Multiple Choice

Consider the data shown in the table. Assume that the economy produces only barrels of oil. What is the nominal GDP for last year?
$$\begin{array} { | l | c | c | } \hline & \begin{array} { c } \text { Barrels of } \\\text { Oil Sold }\end{array} & \begin{array} { c } \text { Actual } \\\text { Price }\end{array} \\\hline \text { Last year } & 80,000 & \$ 60 \\\hline \text { This year } & 83,000 & \$ 63 \\\hline\end{array}$$

A) $5,104,500
B) $5,229,000
C) $4,920,000
D) $4,800,000