Use the following to answer question 40:
Table: Prices and Quantities in a 4-Good Economy $$\begin{array} { l c c }
\hline \text { Product } & \text { Price } & \text { Quantity } \
\hline \text { Shovels } & \$ 20 & 50 \
\text { Books } & 50 & 100 \
\text { Tomatoes } & 1 & 500 \
\text { Pizzas } & 10 & 120 \
\hline
\end{array}$$
-(Table: Prices and Quantities in a 4-Good Economy) Suppose an economy produces only the four goods listed in this table. What is the GDP in this country?
A) $6,200
B) $6,700
C) $7,200
D) $7,700

Question

Use the following to answer question 40:
Table: Prices and Quantities in a 4-Good Economy $$\begin{array} { l c c } 
\hline \text { Product } & \text { Price } & \text { Quantity } \
\hline \text { Shovels } & \$ 20 & 50 \
\text { Books } & 50 & 100 \
\text { Tomatoes } & 1 & 500 \
\text { Pizzas } & 10 & 120 \
\hline
\end{array}$$
-(Table: Prices and Quantities in a 4-Good Economy) Suppose an economy produces only the four goods listed in this table. What is the GDP in this country?
A) $6,200
B) $6,700
C) $7,200
D) $7,700

Quizplus · Accepted Answer

The Answer of Use the following to answer question 40:
Table: Prices and Quantities in a 4-Good Economy $$\begin{array} { l c c } 
\hline \text { Product } & \text { Price } & \text { Quantity } \
\hline \text { Shovels } & \$ 20 & 50 \
\text { Books } & 50 & 100 \
\text { Tomatoes } & 1 & 500 \
\text { Pizzas } & 10 & 120 \
\hline
\end{array}$$
-(Table: Prices and Quantities in a 4-Good Economy) Suppose an economy produces only the four goods listed in this table. What is the GDP in this country?
A) $6,200
B) $6,700
C) $7,200
D) $7,700

Use the Following to Answer Question 40: Table: Prices and Quantities

Use the Following to Answer Question 40:
Table: Prices and Quantities