Table 23-10
A hypothetical country of Lahland produces only movies and popcorn. Quantities and prices of these goods for the last several years are shown below. The base year is 2015 .
Prices and Quantities
-Refer to Table 23-10. In which year was this country's nominal GDP highest?

Question

Table 23-10
A hypothetical country of Lahland produces only movies and popcorn. Quantities and prices of these goods for the last several years are shown below. The base year is 2015 .
Prices and Quantities 
-Refer to Table 23-10. In which year was this country's nominal GDP highest?

Quizplus · Accepted Answer

The nominal GDP is highest in 2017 as it is the most recent year in the list, and typically, nominal GDP increases over time due to inflation and economic growth.

Table 23-10 A Hypothetical Country of Lahland Produces Only Movies and Popcorn