MCQS opt The below table include data regarding two goods that are produced in 2019 and )2020 in Germany. Use this data to answer the below question:4-Quantity ofchickenPricePriceYearQuantity of fishof chickenof fish2019$1050$12302020$1260$1440The nominal GDP in year 2019 is... .A. $102B. $860C. $1280D. $9605- Which of the following is not considered a commodity money?A. Gold coinB. Silver coinC. US dollarD. All the answers are wrong

4.Nominal GDP in year 2019 is =10*50+12*30=860 Therefore answer is option (B).

4- The below table include data regarding two goods that are produced in 2019 anč 2020 in Germany. Use this data to answer the below question: Price Quantity of chicken Price Year Quantity of fish of chicken of fish $12 $14 2019 $10 50 30 2020 $12 60 40 The nominal GDP in year 2019 is.. . A. $102 B. $860 C. $1280 D. $960 5- Which of the following is not considered a commodity money? A. Gold coin B. Silver coin C. US dollar D. All the answers are wrong

4- The below table include data regarding two goods that are produced in 2019 anč 2020 in Germany. Use this data to answer the below question: Price Quantity of chicken Price Year Quantity of fish of chicken of fish $12 $14 2019 $10 50 30 2020 $12 60 40 The nominal GDP in year 2019 is.. . A. $102 B. $860 C. $1280 D. $960 5- Which of the following is not considered a commodity money? A. Gold coin B. Silver coin C. US dollar D. All the answers are wrong

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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