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Question 67

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Use the following to answer questions: Use the following to answer questions: -Consider an economy that produces only DVDs and DVD players.Last year,10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each,whereas this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each.Nominal GDP this year is: A) $100. B) $650. C) $700. D) $500.
-Consider an economy that produces only DVDs and DVD players.Last year,10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each,whereas this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each.Nominal GDP this year is:


A) $100.
B) $650.
C) $700.
D) $500.

Correct Answer:

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