Multiple Choice
Table 8-17
A very simple economy produces three goods: movies,burgers,and bikes.The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above.
-Refer to Table 8-17.What is nominal GDP in 2011?
A) $3,320
B) $3,690
C) $6,360
D) $7,035
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q2: In the circular flow diagram,_ supply the
Q15: Which of the following goods is directly
Q35: Using "chain-weighted" prices to calculate real GDP
Q74: The U.S.work week has declined from 60
Q74: Over the last 50 years,has the ratio
Q97: In the circular flow model,the value of
Q110: The purchase by a household in China
Q116: Total income in an economy is equal
Q213: An example of an intermediate good would
Q241: Nominal GDP will increase<br>A)only if the price