Multiple Choice
Suppose that, in year 1, an economy produces 200 golf balls that sell for $3 each and 75 pizzas that sell for $8 each. The next year, the economy produces 210 golf balls that sell for $3.50 each and 80 pizzas that sell for $9 each. The growth rate of nominal GDP is ____.
A) 21.25%.
B) 21.25%
C) 17.53%.
D) 17.53%
E) 14.58%
F) 14.58%.
G) 12.73%
H) 12.73%.
Correct Answer:

Verified
Correct Answer:
Verified
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