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Ryan37sport Ryan37sport
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A year ago
Scenario: A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP.


Refer to the scenario above. The nominal GDP of the country for Year 2 was ________.

▸ $2,510,000

▸ $1,920,000

▸ $174,000

▸ $180,000
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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brassgodbrassgod
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A year ago
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Ryan37sport Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jbag1237
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Yesterday
Thank you, thank you, thank you!
courtneyrmcd
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2 hours ago
Helped a lot
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