Consider the data shown in the table. Assume that the economy produces only frozen fish. What is the nominal GDP for this year?
$$\begin{array} { | l | c | c | }
\hline & \begin{array} { c }
\text { Tons of Frozen } \
\text { Fish Sold }
\end{array} & \begin{array} { c }
\text { Actual } \
\text { Price }
\end{array} \
\hline \text { Last year } & 100 & \$ 1,800 \
\hline \text { This year } & 105 & \$ 1,850 \
\hline
\end{array}$$
A)$180,000
B)$191,625
C)$182,500
D)$194,250

Question

Consider the data shown in the table. Assume that the economy produces only frozen fish. What is the nominal GDP for this year?
$$\begin{array} { | l | c | c | } 
\hline & \begin{array} { c } 
\text { Tons of Frozen } \
\text { Fish Sold }
\end{array} & \begin{array} { c } 
\text { Actual } \
\text { Price }
\end{array} \
\hline \text { Last year } & 100 & \$ 1,800 \
\hline \text { This year } & 105 & \$ 1,850 \
\hline
\end{array}$$
A)$180,000
B)$191,625
C)$182,500
D)$194,250

Quizplus · Accepted Answer

The Answer of Consider the data shown in the table. Assume that the economy produces only frozen fish. What is the nominal GDP for this year?
$$\begin{array} { | l | c | c | } 
\hline & \begin{array} { c } 
\text { Tons of Frozen } \
\text { Fish Sold }
\end{array} & \begin{array} { c } 
\text { Actual } \
\text { Price }
\end{array} \
\hline \text { Last year } & 100 & \$ 1,800 \
\hline \text { This year } & 105 & \$ 1,850 \
\hline
\end{array}$$
A)$180,000
B)$191,625
C)$182,500
D)$194,250

Consider the Data Shown in the Table A)$180,000 B)$191,625 C)$182,500 D)$194,250

Consider the Data Shown in the Table A)$180,000
B)$191,625
C)$182,500
D)$194,250