Multiple Choice
During last year,a country produced 20,000 pizzas and 10,000 hamburgers and nothing else.The pizzas sold for $10.00 each and the hamburgers for $3.00 each.Nominal GDP was
A) $460,000.
B) $390,000.
C) $230,000.
D) $360,000.
E) $70,000.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: A country with a real GDP per
Q17: Because of the circular flows of expenditure
Q18: Investment is defined as<br>A)what consumers do with
Q19: In order to be classified as a
Q21: Suppose GDP is $10 billion,consumption expenditure is
Q25: GDP is best defined as the _
Q27: In Australia,between 1959/60 and 2013/14,there has been
Q28: If you buy a five-year-old TV from
Q29: Which of the following is NOT directly
Q32: The following are all final goods EXCEPT<br>A)