Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the questions that follow.

-Assuming these are the only two goods produced in the economy,what is the value of the GDP?
A) $110 million
B) $750 million
C) $2 million
D) $250 million
E) $500 million

Question

Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the questions that follow.
 
-Assuming these are the only two goods produced in the economy,what is the value of the GDP?
A) $110 million 
B) $750 million 
C) $2 million 
D) $250 million 
E) $500 million

Quizplus · Accepted Answer

The Answer of Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the questions that follow.
 
-Assuming these are the only two goods produced in the economy,what is the value of the GDP?
A) $110 million 
B) $750 million 
C) $2 million 
D) $250 million 
E) $500 million

Consider the Following Data, Which Shows the Quantities and Prices