Use the following to answer questions:
-Consider an economy that produces only DVDs and DVD players.Last year,10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each,whereas this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each.Nominal GDP this year is:
A) $100.
B) $650.
C) $700.
D) $500.

Question

Use the following to answer questions: 
-Consider an economy that produces only DVDs and DVD players.Last year,10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each,whereas this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each.Nominal GDP this year is:
A) $100. 
B) $650. 
C) $700. 
D) $500.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions: 
-Consider an economy that produces only DVDs and DVD players.Last year,10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each,whereas this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each.Nominal GDP this year is:
A) $100. 
B) $650. 
C) $700. 
D) $500.

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