The Table Below Gives the Quantities and Prices for 2005

question 39

Multiple Choice

The table below gives the quantities and prices for 2005 and 2015 for an economy that produces just two goods: sailboats and coconuts.  
For this economy that produces just sailboats and coconuts, and with 2005 as the base year, nominal GDP was approximately ________ times larger in 2015 than it was in 2005.

• A)1.34
• B)1.65
• C)1.77
• D)2.19

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Definitions:

Exchange Rate

The worth of one currency relative to another for conversion purposes, establishing the amount of one currency that can be swapped for another.

Canadian Dollar

The currency of Canada, represented by the symbol CAD or C$ and divided into 100 cents.

Exchange Rate

The rate at which one currency can be exchanged for another, which impacts international trade and investments.

Television Set

An electronic device designed to receive and display television broadcast signals and other audio-visual content.