MCQS opt The below table include data regarding two goods that are produced in 2019 and )2020 in Germany. Use this data to answer the below question:4-Quantity ofchickenPricePriceYearQuantity of fishof chickenof fish2019$1050$12302020$1260$1440The nominal GDP in year 2019 is... .A. $102B. $860C. $1280D. $9605- Which of the following is not considered a commodity money?A. Gold coinB. Silver coinC. US dollarD. All the answers are wrong

4.Nominal GDP in year 2019 is =10*50+12*30=860 Therefore answer is option (B).

4- The below table include data regarding two goods that are produced in 2019 anč 2020 in Germany. Use this data to answer the below question: Price Quantity of chicken Price Year Quantity of fish of chicken of fish $12 $14 2019 $10 50 30 2020 $12 60 40 The nominal GDP in year 2019 is.. . A. $102 B. $860 C. $1280 D. $960 5- Which of the following is not considered a commodity money? A. Gold coin B. Silver coin C. US dollar D. All the answers are wrong

4- The below table include data regarding two goods that are produced in 2019 anč 2020 in Germany. Use this data to answer the below question: Price Quantity of chicken Price Year Quantity of fish of chicken of fish $12 $14 2019 $10 50 30 2020 $12 60 40 The nominal GDP in year 2019 is.. . A. $102 B. $860 C. $1280 D. $960 5- Which of the following is not considered a commodity money? A. Gold coin B. Silver coin C. US dollar D. All the answers are wrong

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 11PA

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Similar questions

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Last year, a small nation with abundant forests cut down 200 worth of trees. It then turned 100 worth of trees into 150 worth of lumber. It used 100 worth of that lumber to produce $250 worth of bookshelves. Assuming the country produces no other outputs, and there are no other inputs used in producing trees, lumber, and bookshelves, what is this nations GDP? In other words, what is the value of the final goods the nation produced including trees, lumber and bookshelves?
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