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The Country of Old Jersey Produces Milk and Butter,and It

Question 63

Multiple Choice

The country of Old Jersey produces milk and butter,and it has published the following macroeconomic data,where quantities are in gallons and prices are dollars per gallon:
20002001 Good  Quantity  Price  Quantity  Price  Milk 500$2900$3 Butter 2000$13000$2\begin{array} { l c c c c } & 2000 &&{ 2001 } \\\hline \text { Good } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \text { Milk } & 500 & \$ 2 & 900 & \$ 3 \\\text { Butter } & 2000 & \$ 1 & 3000 & \$ 2 \\\hline\end{array}
Between 2000 and 2001,nominal GDP grew by


A) 60.0%.
B) 65.5%.
C) 83.3%.
D) 190.0%.

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