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Table 420 a Very Simple Economy Produces Three Goods: Cameras

Question 17

Multiple Choice

Table 4.20 Table 4.20 A very simple economy produces three goods: cameras, legal services, and books.The quantities produced and their corresponding prices for 2007 and 2017 are shown in the table above. -Refer to Table 4.20.What is nominal GDP in 2017 when 2007 is the base year? A) $28,885 B) $11,790 C) $11,200 D) $10,275 E) $8,750 A very simple economy produces three goods: cameras, legal services, and books.The quantities produced and their corresponding prices for 2007 and 2017 are shown in the table above.
-Refer to Table 4.20.What is nominal GDP in 2017 when 2007 is the base year?


A) $28,885
B) $11,790
C) $11,200
D) $10,275
E) $8,750

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