Multiple Choice
Table 8-17
A very simple economy produces three goods: movies,burgers,and bikes.The quantities produced and their corresponding prices for 2013 and 2018 are shown in the table above.
-Refer to Table 8-17.What is nominal GDP in 2018?
A) $3,320
B) $3,690
C) $6,360
D) $7,035
Correct Answer:

Verified
Correct Answer:
Verified
Q79: Which of the following could cause nominal
Q80: If income is unequally distributed in an
Q81: Real GDP will increase<br>A)only if the price
Q82: Table 8-28<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 8-28
Q83: Presently,GDP is _ to compensate for the
Q85: In a small economy,consumption spending is $6,000,government
Q86: Nominal GDP is GDP in a given
Q87: Consumption spending is $4.5 billion,gross private domestic
Q88: The values of real GDP and real
Q89: The GDP deflator in year 2 is