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In an Economy with Two Goods, Burgers and Pizza, If

Question 18

Multiple Choice

In an economy with two goods, burgers and pizza, if pizza costs €15 per pie and burgers costs €5 per burger and if 1000 burger and 200 pizzas are produced in a year, then nominal GDP that year would be:


A) €24,000.
B) €8,000.
C) €16,000.
D) none of the above.

Correct Answer:

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