For the following question(s), suppose that an economy produces only food and clothing, and that price and quantity data are given in the table below.

-Year 1 nominal GDP is
A) $200.
B) $270.
C) $310.
D) $390.
E) $450.

Name: For the following question(s), suppose that an economy produces only food and clothing, and that price and quantity data are given in the table below. -Year 1 nominal GDP is A) $200. B) $270. C) $310. D) $390. E) $450.
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Question

For the following question(s), suppose that an economy produces only food and clothing, and that price and quantity data are given in the table below.

-Year 1 nominal GDP is
A) $200. 
B) $270. 
C) $310. 
D) $390. 
E) $450.

Quizplus · Accepted Answer

Year 1 nominal GDP is $200.

For the Following Question(s), Suppose That an Economy Produces Only