QUESTION 6 Consider an economy that produces only two goods: DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 30 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Nominal GDP this year is: A. $650. B. $500 OC. $750. D. $900. E. $800
QUESTION 6 Consider an economy that produces only two goods: DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 30 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Nominal GDP this year is: A. $650. B. $500 OC. $750. D. $900. E. $800
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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