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

---

Definitions:

U.S. Firms

Companies or businesses that are incorporated or operate in the United States, across various industries.

Germany

A country in Central Europe known for its rich history, culture, and significant contributions to science, arts, and philosophy.

Marriage

A legally and socially sanctioned union between individuals that establishes rights and obligations between them and their children, and in-laws.

Fatherhood

The state or responsibility of being a father, including the duties, challenges, and emotional aspects of raising and caring for children.