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The Table Given Below Lists the Price Per Unit and Output

Question 69

Multiple Choice

The table given below lists the price per unit and output of computers and calculators (the only two goods produced by a nation) for the years 1995 and 2003.
Table 5.6
 Production Data  Prices per Unit  Quantity  Production 1995200319952003 Computers $2,000$1,600100100 Calculators $60$70900900\begin{array}{c}\quad\quad\quad\quad\text { Production Data }\\\quad\quad\quad\quad\quad\text { Prices per Unit } \quad\quad \text { Quantity }\\\begin{array}{|c|l|l|c|c|}\hline \text { Production } & \mathbf{1 9 9 5} & \mathbf{2 0 0 3} & \mathbf{1 9 9 5} & \mathbf{2 0 0 3} \\\hline \text { Computers } & \$ 2,000 & \$ 1,600 & 100 & 100 \\\text { Calculators } & \$ 60 & \$ 70 & 900 & 900 \\\hline\end{array}\end{array}
-Refer to Table 5.6. Calculate the nominal GDP for 1995.


A) $223,000
B) $254,000
C) $448,000
D) $520,000
E) $110,000

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