Question

2.5 p! Question 6 Table 8-1 Product Sweatshirts Dental examinations Coffee drinks Coffee beans Quantity 50 40 1.000 2,000 Price $35.00 75.00 4.00 0.50 Refer to Table 8-1. Suppose that a simple economy produces only four goods and services: sweatshirts, dental examinations, coffee drinks, and coffee beans. Assume all of the coffee beans are used in the production of the coffee drinks. Using the Information in the above table, nominal GDP for this simple economy equals 3.090 units $7.250 $8.750 59.750 2.5 pts Question 7

Answer 1

Ama Nominal aop is given by : -> (sexos) + (40x75) + (1000 xy) + (2000X0.5) 1750 + 3000 + 4000 + 10oo 4750 + 5000 9 750 So, the right anson is $4750.