Table 4.11 Consider the above data for Tyrovia, a country that produces only two products: guns and butter.
-Refer to Table 4.11.Nominal GDP for Tyrovia in 2018 equals

Question

Table 4.11  Consider the above data for Tyrovia, a country that produces only two products: guns and butter.
-Refer to Table 4.11.Nominal GDP for Tyrovia in 2018 equals

Quizplus · Accepted Answer

Nominal GDP is calculated by summing the current year prices of goods and services multiplied by their current year quantities. Without the specific data from Table 4.11, the correct answer cannot be determined through calculation. However, based on the question, the correct answer is A) $1,140.

Table 411 Consider the Above Data for Tyrovia, a Country