Multiple Choice
Table 19-17
A very simple economy produces three goods: movies, burgers, and bikes. The quantities produced and their corresponding prices for 2006 and 2013 are shown in the table above.
-Refer to Table 19-17. What is nominal GDP in 2006?
A) $3,320
B) $3,690
C) $6,360
D) $7,035
Correct Answer:

Verified
Correct Answer:
Verified
Q2: In the circular flow diagram,_ supply the
Q12: Article Summary<br>For only the second time in
Q15: Which of the following goods is directly
Q50: Statistics on real GDP during World War
Q53: If the quantity of goods and services
Q159: National income equals gross domestic product<br>A)plus sales
Q161: Why do we not count the value
Q225: To examine how the total production of
Q244: Which of the following statements about the
Q250: The GDP deflator is a measure of