Refer to Table 13 -Refer to Table 13

question 101

Multiple Choice

Refer to Table 13.1 for the following questions.
Table 13.1 A very simple economy producing three goods: movies, burgers, and bikes. $$\begin{array} { | c | c | c | c | c | } \hline & { 2012 } &&{ 2017 } \\\hline \text { Product } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \text { Movies } & 20 & \$ 6 & 30 & \$ 7.00 \\\hline \text { Burgers } & 100 & \$ 2 & 90 & \$ 2.50 \\\hline \text { Bikes } & 3 & \$ 1000 & 6 & \$ 1100 \\\hline\end{array}$$ $$\begin{array} { | c | c | c | c | c | } \hline & { 2012 } && { 2017 } \\\hline \text { Praduct } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \text { Movies } & 20 & \$ 6 & 30 & \$ 7.00 \\\hline \text { Burgers } & 100 & \$ 2 & 90 & \$ 2.50 \\\hline \text { Bikes } & 3 & \$ 1000 & 6 & \$ 1100 \\\hline\end{array}$$
-Refer to Table 13.1.What is nominal GDP in 2012?

• A) $3 320
• B) $3 690
• C) $6 360
• D) $7 035

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