Use the table below to answer the following questions.
Table 4.2.6
There are only two goods in this economy.
-Refer to Table 4.2.6.What is nominal GDP in the current year?

Question

Use the table below to answer the following questions.
Table 4.2.6
There are only two goods in this economy. 
-Refer to Table 4.2.6.What is nominal GDP in the current year?

Quizplus · Accepted Answer

Nominal GDP is calculated by multiplying the current year's quantity of goods produced by their current year prices. Without the specific data from Table 4.2.6, the correct answer cannot be determined from the provided options. However, assuming option A is correct, it suggests that when you perform the calculation based on the quantities and prices given in the table, the nominal GDP would total $460.

Use the Table Below to Answer the Following Questions