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onetouch onetouch
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A year ago
Scenario: An economy produces only cell phones. In 2015, the economy manufactured 275 cell phones, and each cell phone sold for $200. In 2016, the economy manufactured 280 cell phones, but the price of each cell phone fell to $180.


Refer to the scenario above. What is the nominal GDP of the economy in 2016?

▸ $47,000

▸ $55,000

▸ $50,400

▸ $50,000
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Macroeconomics

Macroeconomics


Edition: 3rd
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Moh1995abdelMoh1995abdel
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A year ago
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