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The Currency in Tinyland Is Called the Oscar

Question 25

Multiple Choice

The currency in Tinyland is called the Oscar. In 2015, nominal GDP was 600 Oscars. Real GDP was 500 constant Oscars. The population was 10 persons. The best measure of material well-being for 2015 is


A) 5,000 constant Oscars per person.
B) 60 constant Oscars per person.
C) 50 constant Oscars per person.
D) 600 Oscars.
E) 500 constant Oscars.

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