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Consider the Following Data, Which Shows the Quantities and Prices

Question 49

Multiple Choice

Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the questions that follow.
Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the questions that follow. -Assuming these are the only two goods produced in the economy,what is the value of the GDP? A) $110 million B) $750 million C) $2 million D) $250 million E) $500 million
-Assuming these are the only two goods produced in the economy,what is the value of the GDP?


A) $110 million
B) $750 million
C) $2 million
D) $250 million
E) $500 million

Correct Answer:

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