Table 8-7

-Refer to Table 8-7.Suppose that a simple economy produces only four goods and services: iPods,t-shirts,bottled water,and oranges.Calculate nominal GDP for this simple economy.

Question

Table 8-7
 
-Refer to Table 8-7.Suppose that a simple economy produces only four goods and services: iPods,t-shirts,bottled water,and oranges.Calculate nominal GDP for this simple economy.

Quizplus · Accepted Answer

The Answer of Table 8-7
 
-Refer to Table 8-7.Suppose that a simple economy produces only four goods and services: iPods,t-shirts,bottled water,and oranges.Calculate nominal GDP for this simple economy.

Table 8-7 -Refer to Table 8-7.Suppose That a Simple Economy Produces Only