During 2020 Nation Z produced only 4 goods. Goods A and Bare intermediate goods Goods Cand D are final goodsThe quantities produced and sold of each good in 2020 are as follows: Q 30 units Q 20 units Q 40 units S0 unitsThe 2020 market prices of each good are as follows: Pa 10: Pa 20e: Pe 40 Po 50eBased on the above information, Nominal GDP for 2020 is equal to:OA)7006B)4,100e

Intermediate goods are referred to as those goods that are used by businesses in producing goods or…

4 goods. Goodds A and B are intermediate goods Goods Cand D are final goods The quantities produced and sold of each good in 2020 are as follows Q 30 units Q 20 units Q 40 unitc Q S uits The 2020 market prices of each good are as follows: Pa 10. P 20 Pe 40. Po Soe Based on the above information, Nominal GDP for 2020 is equal to: O A) 700e 4.100e

4 goods. Goodds A and B are intermediate goods Goods Cand D are final goods The quantities produced and sold of each good in 2020 are as follows Q 30 units Q 20 units Q 40 unitc Q S uits The 2020 market prices of each good are as follows: Pa 10. P 20 Pe 40. Po Soe Based on the above information, Nominal GDP for 2020 is equal to: O A) 700e 4.100e

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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