Consider an economy that only produces the two goods of Pizza and Calzones. What is Nominal GDP if 10 Calzones are sold at $20 each and 5 pizzas are sold at $100 each ? A. $100 B. $500 C. $700 D. $1,300 E. $900

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter13: Measuring The Economy's Performance
Section: Chapter Questions
Problem 10AA
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Consider an economy that only produces the two goods of Pizza and Calzones. What is Nominal GDP if 10 Calzones are sold at $20 each and 5 pizzas are sold at $100 each ? A. $100 B. $500 C. $700 D. $1,300 E. $900
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