Multiple Choice
Table 2.3
2007 2010 2013
Quantity Price Quantity Price Quantity Price
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 2013 is
A) $568.00.
B) $794.00.
C) $812.00.
D) $961.00.
Correct Answer:

Verified
Correct Answer:
Verified
Q68: Pensions,wages,social support payments,tax brackets,and other dollar values
Q69: If the actual inflation rate is less
Q70: Explain which of the following goods and
Q71: Real GDP is the value of goods
Q72: The purchase by the U.S.government of a
Q73: Most economists believe there are four reasons
Q74: Gross domestic product is calculated as the
Q75: When exports equal imports,we say that country
Q77: Which of the following would cause the
Q78: How would each of the following events