The Table Above Gives the Production and Prices for a 2010\\
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question 45

Multiple Choice

$\begin{array}{lllll}&\text { Data for } 2009&&\text { Data for } 2010\\\hline\text { Item}&\text{ Quantity}&\text{ Price}&\text{ Quantity }&\text{ Price }\\\hline\text { Bread } & 50 & \$ 4.00 & 70 & \$ 3.00 \\\text { Soda } & 50 & \$ 5.00 & 50 & \$ 6.00 \\\hline\end{array}$
The table above gives the production and prices for a small nation that produces only bread and soda.
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The base year is 2009. What is nominal GDP in 2009?

• A)$900
• B)$410
• C)$550
• D)$450
• E)$460

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Definitions:

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