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Author Question: Table 8-17 A very simple economy produces three goods: movies, burgers, and bikes. The quantities ... (Read 97 times)

HCHenry

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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


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Marked as best answer by HCHenry on Mar 16, 2019

Beatricemm

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