Use the Following to Answer Question 53:
Table: Prices and Quantities

question 201

Multiple Choice

Use the following to answer question 53:
Table: Prices and Quantities in a 4-Good Economy $$\begin{array} { l c c } \hline \text { Product } & \text { Price } & \text { Quantity } \\\hline \text { Shovels } & \$ 20 & 50 \\\text { Books } & 50 & 100 \\\text { Tomatoes } & 1 & 500 \\\text { Pizzas } & 10 & 120 \\\hline\end{array}$$
-(Table: Prices and Quantities in a 4-Good Economy) Suppose an economy produces only the four goods listed in this table. All of the country's tomatoes are used in the production of pizzas. What is the GDP in this country?

• A) $6,200
• B) $6,700
• C) $7,200
• D) $7,700

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