Harry's Pizza Parlor Produced 10,000 Large Pizzas Last Year That

question 64

Multiple Choice

Harry's Pizza Parlor produced 10,000 large pizzas last year that sold for $10 each.This year Harry's produced 11,000 large pizzas (identical to last year's pizzas) but sold them for $12 each.Based on this information, we can conclude that Harry's production of large pizzas

• A)increased nominal GDP from last year, but real GDP was unaffected.
• B)increased both nominal and real GDP from last year.
• C)increased real GDP from last year, but nominal GDP was unaffected.
• D)did not change either nominal or real GDP from last year.