The price and quantity data are given as follows computers: quantity 30,price 10,000 bread: quantity 10,000, price 5 what is the nominal gdp?

Answers 1

Answer: The correct answer is 3,50,000.

Explanation: Nominal GDP is a measurement of economic output in an economy that takes into account current prices.

Nominal GDP = Quantity * Market Price

According to the question,

For computers, 30*10,000 = 3,00,000

For Bread, 10,000*5 = 50,000

So, Nominal GDP = 3,00,000 + 50,000 = 3,50,000

If you know the answer add it here!

Can't find the answer?

Log in with Google

or

Forgot your password?

I don't have an account, and I want to Register

Choose a language and a region
How much to ban the user?
1 hour 1 day 100 years