Consider the data shown in the table. Assume that the economy produces only textbooks. What is the nominal GDP for this year?
$$\begin{array} { | l | c | c | }
\hline & \begin{array} { c }
\text { Textbooks } \
\text { Sold }
\end{array} & \begin{array} { c }
\text { Actual } \
\text { Price }
\end{array} \
\hline \text { Last year } & 5,000 & \$ 50 \
\hline \text { This year } & 5,250 & \$ 55 \
\hline
\end{array}$$
A)$250,000
B)$262,500
C)$288,750
D)$275,625

Question

Consider the data shown in the table. Assume that the economy produces only textbooks. What is the nominal GDP for this year?
$$\begin{array} { | l | c | c | } 
\hline & \begin{array} { c } 
\text { Textbooks } \
\text { Sold }
\end{array} & \begin{array} { c } 
\text { Actual } \
\text { Price }
\end{array} \
\hline \text { Last year } & 5,000 & \$ 50 \
\hline \text { This year } & 5,250 & \$ 55 \
\hline
\end{array}$$
A)$250,000
B)$262,500
C)$288,750
D)$275,625

Quizplus · Accepted Answer

The Answer of Consider the data shown in the table. Assume that the economy produces only textbooks. What is the nominal GDP for this year?
$$\begin{array} { | l | c | c | } 
\hline & \begin{array} { c } 
\text { Textbooks } \
\text { Sold }
\end{array} & \begin{array} { c } 
\text { Actual } \
\text { Price }
\end{array} \
\hline \text { Last year } & 5,000 & \$ 50 \
\hline \text { This year } & 5,250 & \$ 55 \
\hline
\end{array}$$
A)$250,000
B)$262,500
C)$288,750
D)$275,625

Consider the Data Shown in the Table A)$250,000 B)$262,500 C)$288,750 D)$275,625

Consider the Data Shown in the Table A)$250,000
B)$262,500
C)$288,750
D)$275,625