Answer the Question on the Basis of the Following Information

question 51

Multiple Choice

Answer the question on the basis of the following information for a hypothetical economy.All values are in nominal terms. M = $100
V = 2
C_a = $160
X_n = $10
G = $10
Refer to the given information.Nominal GDP is:

• A) $100.
• B) $200.
• C) $180.
• D) $50.

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Definitions:

Total Variable Costs

The overall expenses that vary directly with the level of production output, such as raw materials and labor.

Marginal Cost

The escalation of full cost associated with manufacturing an additional unit of a good or service.

Output

The amount of products or services that a company, sector, or nation generates over a specific period of time.

Total Fixed Cost

The sum of all costs that do not change with the level of output, even if that output is zero.