Consider an Economy That Produces Only DVDs and DVD Players

question 209

Multiple Choice

Consider an economy that produces only DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Nominal GDP this year is:

• A) $100.
• B) $650.
• C) $700.
• D) $500.

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