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(Scenario: Good a and Good B) the Town of York

Question 97

Multiple Choice

(Scenario: Good A and Good B) The town of York produces two goods, good A and good B. The table presents information regarding York's production of these two goods and their prices over three years. In 2018, nominal GDP was _____ nominal GDP in _____.  Year 2017  Year 2018  Year 2019  Quantity of good A 345 Price of good A $500$550$550 Quantity of good B 101010 Price of good B $2$4$5\begin{array} { | l | l | l | l | } \hline & \text { Year 2017 } & \text { Year 2018 } & \text { Year 2019 } \\\hline \text { Quantity of good A } & 3 & 4 & 5 \\\hline \text { Price of good A } & \$ 500 & \$ 550 & \$ 550 \\\hline \text { Quantity of good B } & 10 & 10 & 10 \\\hline \text { Price of good B } & \$ 2 & \$ 4 & \$ 5 \\\hline\end{array}


A) greater than; 2018.
B) greater than; 2018
C) greater than; 2017
D) greater than; 2017.
E) equal to; 2019
F) equal to; 2019.
G) equal to; 2017.
H) equal to; 2017

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