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Table 8-18 a Very Simple Economy Produces Three Goods: Cameras,legal

Question 198

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Table 8-18
Table 8-18 A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above. -Refer to Table 8-18.What is nominal GDP in 2016 when 2011 is the base year? A) $28,885 B) $11,790 C) $11,200 D) $10,275 A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above.
-Refer to Table 8-18.What is nominal GDP in 2016 when 2011 is the base year?


A) $28,885
B) $11,790
C) $11,200
D) $10,275

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