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Author Question: Table 8-17 A very simple economy produces three goods: movies, burgers, and bikes. The quantities ... (Read 554 times)

HCHenry

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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
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by HCHenry on Mar 16, 2019

Beatricemm

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Reply #1 on: Mar 16, 2019
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DYL ROSE

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Reply #2 on: Feb 29, 2020
Thank you


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