Refer to Table 12.1 for the Following Questions

question 139

Multiple Choice

Refer to Table 12.1 for the following questions.
Table 12.1 A very simple economy producing three goods: movies, burgers and bikes.
-Refer to Table 12.1.What is nominal GDP in 2008?

• A) $3320
• B) $3690
• C) $6360
• D) $7035

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Definitions:

Paid in Capital

The total amount of cash and other assets paid into the company by shareholders in exchange for shares of stock.

Common Stock

Equity ownership in a corporation, giving holders voting rights and potential dividends.

Subscription Receivable-common Stock

Subscription receivable-common stock refers to the amount due from subscribers who have agreed to purchase common stock but have not yet paid.

Stock Subscription Plan

A mechanism for employees or investors to buy shares of a company's stock, often at a discount.