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Question 23

Multiple Choice

\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad Table 2.3
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad 2007 \quad \quad \quad 2010 \quad \quad \quad \quad 2013
\quad \quad \quad \quad \quad \quad \quad Quantity Price \quad Quantity Price \quad Quantity Price
 Peaches 150$0.20170$0.30190$0.40 Tacos 750.80801.001001.20 Flashlights 403.00403.50504.50 Hamoricas 2014.002516.003018.00\begin{array} { | l | c | c | c | c | c | r | } \hline \text { Peaches } & 150 & \$ 0.20 & 170 & \$ 0.30 & 190 & \mathbf { \$ 0 . 4 0 } \\\hline \text { Tacos } & 75 & 0.80 & 80 & 1.00 & 100 & 1.20 \\\hline \text { Flashlights } & \mathbf { 4 0 } & 3.00 & 40 & 3.50 & 50 & \mathbf { 4 . 5 0 } \\\hline \text { Hamoricas } & \mathbf { 2 0 } & 14.00 & 25 & 16.00 & \mathbf { 3 0 } & 1 \mathbf { 8 . 0 0 } \\\hline\end{array}
Table 2.3 gives quantities and prices for each good produced in a simple economy in 2007, 2010, and 2013.
-Refer to Figure 2.3.Nominal GDP in 2007 is


A) $320.63.
B) $490.00.
C) $568.00.
D) $1282.50.

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