Multiple Choice
Bookland is a country that produces only books. In 1990, Bookland produced 10,000 books at a market price of $10 each. In 1991, Bookland produced 11,000 books at a market price of $12 each.
-Refer to the scenario above. The nominal GDP in Bookland in 1990 was ________.
A) $10,000
B) $100,000
C) $110,000
D) $120,000
Correct Answer:
Verified
Correct Answer:
Verified
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