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Social Science Clinic => Economics => Macroeconomics => Topic started by: HCHenry on Mar 16, 2019

Title: Table 8-17 A very simple economy produces three goods: movies, burgers, and bikes. The quantities ...
Post by: HCHenry on Mar 16, 2019

Question 1

Table 8-17








A very simple economy produces three goods: movies, burgers, and bikes. The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above. 






Refer to Table 8-17. What is nominal GDP in 2016?

◦ $3,320
◦ $3,690
◦ $6,360
◦ $7,035

Question 2

Table 8-17








A very simple economy produces three goods: movies, burgers, and bikes. The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above. 






Refer to Table 8-17. What is nominal GDP in 2011?

◦ $3,320
◦ $3,690
◦ $6,360
◦ $7,035

Title: Table 8-17 A very simple economy produces three goods: movies, burgers, and bikes. The quantities ...
Post by: Beatricemm on Mar 16, 2019

Answer 1

$7,035

Answer 2

$3,320

Title: Re: Table 8-17 A very simple economy produces three goods: movies, burgers, and bikes. The quantitie
Post by: DYL ROSE on Feb 29, 2020

Thank you