If a country produced nothing but 20 smartphones and 10 Blu-ray players in 2011,priced at $100 per smartphone and $200 per Blu-ray player,its GDP in 2011 would be:
A) $1,000.
B) $2,000.
C) $4,000.
D) $5,000.
Correct Answer:
Verified
Q2: GDP per capita is GDP divided by:
A)
Q3: Suppose a doctor spends half of the
Q4: Which of the following would be included
Q5: Which of the following is the best
Q6: When a German firm produces a vehicle
Q7: GDP includes the:
A) current market value of
Q8: Real GDP per capita is calculated as
Q9: National wealth refers to the value of
Q10: The market value of all final goods
Q11: Gross domestic product (GDP)is the market value
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents