The table above gives the production and prices for a small nation that produces only bread and soda.
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The base year is 2009. What is nominal GDP in 2009?
A) $900
B) $410
C) $550
D) $450
E) $460
Correct Answer:
Verified
Q42: Gross Domestic Product equals
A)Y = C +
Q60: According to the income approach to measuring
Q61: Which of the following would NOT be
Q62: During the business cycle,
A)real GDP fluctuates around
Q64: According to the expenditure approach to measuring
Q66: A south sea island produces only coconuts.
Q67: An increase in nominal GDP could result
Q68: The value of used goods-------------counted as part
Q69: In measuring GDP, which of the following
Q74: Total expenditure equals
A)C + I + G
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