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Table 12-1 -Refer to Table 12-1

Question 96

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Table 12-1
 Product  Quantity  Price  Sweatshirts 50$35.00 Dental examinations 4075.00 Coffee drinks 1,0004.00 Coffee beans 2,0000.50\begin{array}{|l|c|c|}\hline {\text { Product }} & \text { Quantity } & \text { Price } \\\hline \text { Sweatshirts } & 50 & \$ 35.00 \\\hline \text { Dental examinations } & 40 & 75.00 \\\hline \text { Coffee drinks } & 1,000 & 4.00 \\\hline \text { Coffee beans } & 2,000 & 0.50 \\\hline\end{array}
-Refer to Table 12-1.Suppose that a simple economy produces only four goods and services: sweatshirts,dental examinations,coffee drinks,and coffee beans.Assume all of the coffee beans are used in the production of the coffee drinks.Using the information in the above table,nominal GDP for this simple economy equals


A) 3,090 units.
B) $7,250.
C) $8,750.
D) $9,750.

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