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Table 19-6 A Very Simple Economy Produces Three Goods: Cameras, Legal Services

Question 2

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Table 19-6
Table 19-6 A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2008 and 2011 are shown in the table above. -Refer to Table 19-6. What is nominal GDP in 2011 when 2008 is the base year? A) $28,885 B) $11,790 C) $11,200 D) $10,275
A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2008 and 2011 are shown in the table above.
-Refer to Table 19-6. What is nominal GDP in 2011 when 2008 is the base year?


A) $28,885
B) $11,790
C) $11,200
D) $10,275

Correct Answer:

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