Use the table below to answer the following question.
Table 20.2.9

-Refer to Table 20.2.9. The base year is 2013 and the table gives the quantities produced and the prices in 2013 and 2014. Nominal GDP in 2013 is
A) $5,500.
B) $6,100
C) $7,400.
D) greater than real GDP in 2013.
E) $7,600.
Correct Answer:
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