Multiple Choice
Table 8-18
A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2008 and 2013 are shown in the table above.
-Refer to Table 8-18.What is nominal GDP in 2013 when 2008 is the base year?
A) $28,885
B) $11,790
C) $11,200
D) $10,275
Correct Answer:
Verified
Related Questions
Q165: If prices are rising on average,then
A)real GDP
Q168: In periods when prices are falling,on average,
A)real
Q169: Nominal GDP is another term for
A)inflation-adjusted GDP.
B)real
Q170: If real GDP increases we know for
