(Scenario: Good A and Good B) The town of York produces two goods, good A and good B. The table presents information regarding York's production of these two goods and their prices over three years. In 2018, nominal GDP was _____ nominal GDP in _____. $$\begin{array} { | l | l | l | l | }
\hline & \text { Year 2017 } & \text { Year 2018 } & \text { Year 2019 } \
\hline \text { Quantity of good A } & 3 & 4 & 5 \
\hline \text { Price of good A } & \$ 500 & \$ 550 & \$ 550 \
\hline \text { Quantity of good B } & 10 & 10 & 10 \
\hline \text { Price of good B } & \$ 2 & \$ 4 & \$ 5 \
\hline
\end{array}$$

Question

(Scenario: Good A and Good B) The town of York produces two goods, good A and good B. The table presents information regarding York's production of these two goods and their prices over three years. In 2018, nominal GDP was _____ nominal GDP in _____. $$\begin{array} { | l | l | l | l | } 
\hline & \text { Year 2017 } & \text { Year 2018 } & \text { Year 2019 } \
\hline \text { Quantity of good A } & 3 & 4 & 5 \
\hline \text { Price of good A } & \$ 500 & \$ 550 & \$ 550 \
\hline \text { Quantity of good B } & 10 & 10 & 10 \
\hline \text { Price of good B } & \$ 2 & \$ 4 & \$ 5 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of (Scenario: Good A and Good B) The town of York produces two goods, good A and good B. The table presents information regarding York's production of these two goods and their prices over three years. In 2018, nominal GDP was _____ nominal GDP in _____. $$\begin{array} { | l | l | l | l | } 
\hline & \text { Year 2017 } & \text { Year 2018 } & \text { Year 2019 } \
\hline \text { Quantity of good A } & 3 & 4 & 5 \
\hline \text { Price of good A } & \$ 500 & \$ 550 & \$ 550 \
\hline \text { Quantity of good B } & 10 & 10 & 10 \
\hline \text { Price of good B } & \$ 2 & \$ 4 & \$ 5 \
\hline
\end{array}$$

(Scenario: Good a and Good B) the Town of York