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Nikolas Nikolas
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GDP and its Calculation


ProductQuantityPrice
Soccer Balls350$60
Coffee Mugs75020
Bicycles150350
Telescopes300150
Refer to the table. Consider the table of production and price statistics for a small economy. If the economy only produces the four goods listed in the table, what is the value of nominal GDP for this economy? (Round to the nearest hundredth when appropriate.)

▸ $2130

▸ $580

▸ $81,000

▸ $74,700
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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babolat00babolat00
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Nikolas Author
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2 years ago
Thanks
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This helped my grade so much Perfect
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Thanks for your help!!
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