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Nikolas Nikolas
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A year ago
GDP and its Calculation


ProductQuantityPrice
Soccer Balls350​$60​
Coffee Mugs750​20​
Bicycles150​350​
Telescopes300​150​
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
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babolat00babolat00
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A year ago
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Nikolas Author
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A year ago
Helped a lot
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This calls for a celebration Person Raising Both Hands in Celebration
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this is exactly what I needed
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