Multiple Choice
In 2015, the country of Adanac produced 20 kilos of apples and 30 kilos of bananas. Both fruit were used only for final consumption and nothing else was produced. In 2015, a kilo of apples sold for $5 while a kilo of bananas sold for $10. Adanac's nominal GDP in 2015 was
A) $65.
B) $50.
C) $15.
D) $400.
E) $350.
Correct Answer:

Verified
Correct Answer:
Verified
Q125: Angela pays her contractor $900 to build
Q126: If real GDP is $200 billion but
Q127: Amazonia's growth rate of real GDP per
Q128: Increases in real GDP per person might
Q129: Measured in constant U.S. dollars, country A's
Q131: Net exports are $20, consumption spending is
Q132: Government spending on transfer payments is included
Q133: Say's Law states that supply creates its
Q134: If real GDP stays constant while the
Q135: Which is a real flow from consumers