Q 127

The following table shows the production and prices of an economy's only two goods,TVs and computers,in 2003 and 2009.Assume that 2003 is the base year.
-What is nominal GDP in 2003?
A) $15,000.
B) $15,460.
C) $27,500.
D) $36,750.
E) $50,110.

Q 129

The following table shows the production and prices of an economy's only two goods,TVs and computers,in 2003 and 2009.Assume that 2003 is the base year.
-What is nominal GDP in 2009?
A) $15,000.
B) $15,460.
C) $27,500.
D) $36,750.
E) $50,110.

Q 130

The following table shows the production and prices of an economy's only two goods,TVs and computers,in 2003 and 2009.Assume that 2003 is the base year.
-What is real GDP in 2009?
A) $15,000.
B) $15,460.
C) $27,500.
D) $36,750.
E) $50,110.