Solved

-Bananaland Produces Only Bananas and Sunscreen and the Quantities and Prices

Question 220

Multiple Choice

-Bananaland produces only bananas and sunscreen and the quantities and prices for 2010 and 2011 are given in the table above.The base year is 2010.Nominal GDP in 2011 is equal to A) $500. B) $800. C) $640. D) $625. E) $200.
-Bananaland produces only bananas and sunscreen and the quantities and prices for 2010 and 2011 are given in the table above.The base year is 2010.Nominal GDP in 2011 is equal to


A) $500.
B) $800.
C) $640.
D) $625.
E) $200.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q215: In a small country, using prices of

Q216: Using prices from 2009, GDP grew 10

Q219: -Bananaland produces only</p></div><svg width=

Q219: The nation's supply of productive resources increases

Q220: Real GDP measures the value of goods

Q227: If you sell your textbook to your

Q230: What are the categories of expenditure used

Q236: Explain how the purchases of used goods

Q259: Assume a small nation has the following

Q307: Several adjustments must be made to net

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents