Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
salonijainnn salonijainnn
wrote...
Go to Answer
Posts: 139
Rep: 0 0
A year ago
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
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 14 times
1 Reply
Replies
Answer verified by a subject expert
hfrankoshfrankos
wrote...
#1
Posts: 119
Rep: 2 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

salonijainnn Author
wrote...

A year ago
Helped a lot
emilyas19
wrote...

Yesterday
This site is awesome
annabananerz
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1019 People Browsing
 161 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 213
  
 160
  
 1078
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Where do you get your textbooks?