menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essential Foundations of Economics Study Set 1
  4. Exam
    Exam 14: Gdp: a Measure of Total Production and Income
  5. Question
    During Last Year,a Country Produced 20,000 Pizzas and 10,000 Hamburgers
Solved

During Last Year,a Country Produced 20,000 Pizzas and 10,000 Hamburgers

Question 61

Question 61

Multiple Choice

During last year,a country produced 20,000 pizzas and 10,000 hamburgers and nothing else.The pizzas sold for $10.00 each and the hamburgers for $3.00 each.Nominal GDP was


A) $230,000.
B) $70,000.
C) $460,000.
D) $390,000.
E) $360,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q56: While studying with your friend,your friend states,"Our

Q57: The total production within an economy is

Q58: The measurement of GDP handles underground production

Q59: What are the categories of expenditure used

Q60: Nominal GDP measures the value of goods

Q62: According to the expenditure approach to measuring

Q63: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -Based on the

Q64: In 2011,U.S.GDP was<br>A)$15 trillion using the expenditure

Q65: In the business cycle,what immediately precedes the

Q66: The calculation of GDP using the income

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines