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Author Question: GDP and its CalculationProductQuantityPriceSkateboards50$145.00Hats27525.00Jars of Peanut Butter700 ... (Read 14 times)

ninaj

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on: Nov 23, 2022
GDP and its Calculation


ProductQuantityPrice
Skateboards50​$145.00​
Hats275​25.00​
Jars of Peanut Butter700​ 9.00
Peanuts (pounds)1400​2.00​
Refer to the table. Suppose that a simple economy produces only four goods: skateboards, hats, peanut butter, and peanuts. Assume all of the peanuts are used in the production of peanut butter. Using the information in the above table, nominal GDP for this simple economy equals ________.
◦ $23,225
◦ $20,425
◦ $16,925
◦ $32,625
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by ninaj on Nov 23, 2022

BryanAultm

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ninaj

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Reply 2 on: Nov 23, 2022
Excellent

peter

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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