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(Table: Lemonade and Cookies) Use Table: Lemonade and Cookies A)$400
B)$400
C)$420

Question 195

Multiple Choice

(Table: Lemonade and Cookies) Use Table: Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. Nominal GDP in 2019 was:  2018 Output  2018 Prices  2019 Output  2019 Prices  Lemonade 200 glasses  $1 per glass 220 glasses  $1 per glass  Cookies 100 cookies  $2 per cookie 100 cookies  $2.25 per cookie \begin{array} { | l | l | l | l | l | } \hline & \text { 2018 Output } & \text { 2018 Prices } & \text { 2019 Output } & \text { 2019 Prices } \\\hline \text { Lemonade } & 200 \text { glasses } & \text { \$1 per glass } & 220 \text { glasses } & \text { \$1 per glass } \\\hline \text { Cookies } & 100 \text { cookies } & \text { \$2 per cookie } & 100 \text { cookies } & \text { \$2.25 per cookie } \\\hline\end{array}


A) $400.
B) $400
C) $420.
D) $420
E) $445.
F) $445
G) $820.
H) $820

Correct Answer:

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