Consider the Following Data That Gives the Quantity Produced and Unit

question 28

Multiple Choice

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next six questions: Assume that the base year is 2012.

-What was the nominal GDP in 2013?

• A) $5,400
• B) $6,300
• C) $6,450
• D) $1,700
• E) $13,600