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(Table: Peanut Butter and Jelly Economy) Use Table: Peanut Butter

Question 86

Multiple Choice

(Table: Peanut Butter and Jelly Economy) Use Table: Peanut Butter and Jelly Economy. In 2019, nominal GDP was _____ and real GDP was _____.  Product  2018 Output  2018 Prices  (base year)   Product  2019 Output  2019 Prices  Peanut butter 200 units  $1 per unit  Peanut butter 250$1.10 per unit  Jelly 100 units 2 per unit  Jelly 1002.50 per unit \begin{array} { | l | l | l | l | l | l | } \hline \text { Product } & \text { 2018 Output } & \begin{array} { l } \text { 2018 Prices } \\\text { (base year) }\end{array} & \text { Product } & \text { 2019 Output } & \text { 2019 Prices } \\\hline \text { Peanut butter } & 200 \text { units } & \text { \$1 per unit } & \text { Peanut butter } & 250 & \$ 1.10 \text { per unit } \\\hline \text { Jelly } & 100 \text { units } & 2 \text { per unit } & \text { Jelly } & 100 & 2.50 \text { per unit } \\\hline\end{array}


A) $450; $400
B) $450; $400.
C) $525; $450
D) $525; $450.
E) $525; $400
F) $525; $400.
G) $450; $575
H) $450; $575.

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