Reference: Ref 6-2 (Table: Three-Product Economy) Suppose an economy produces only the three final goods listed in the table. If 2008 is the base year, then the nominal GDP in 2009 is _________ and the real GDP in 2009 is
A) $34,310; $33,700.
B) $35,350; $34,310.
C) $33,700; $35,000.
D) $35,000; $33,700.

Question

Reference: Ref 6-2 (Table: Three-Product Economy) Suppose an economy produces only the three final goods listed in the table. If 2008 is the base year, then the nominal GDP in 2009 is _________ and the real GDP in 2009 is
A) $34,310; $33,700. 
B) $35,350; $34,310. 
C) $33,700; $35,000. 
D) $35,000; $33,700.

Quizplus · Accepted Answer

The Answer of  Reference: Ref 6-2 (Table: Three-Product Economy) Suppose an economy produces only the three final goods listed in the table. If 2008 is the base year, then the nominal GDP in 2009 is _________ and the real GDP in 2009 is
A) $34,310; $33,700. 
B) $35,350; $34,310. 
C) $33,700; $35,000. 
D) $35,000; $33,700.

Reference: Ref 6-2 (Table: Three-Product Economy) Suppose an Economy Produces