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2011: Number of units of Good A produced in 2011: 13,000 Price per unit of Good A in 2011: $2.25 Number of units of Good

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2011: Number of units of Good A produced in 2011: 13,000 Price per unit of Good A in 2011: \$2.25 Number of units of Good B produced in 2011: 36,200 Price per unit of Good B in 2011: $5.00 2012: Number of units of Good A produced in 2012: 12,500 Price per unit of Good A in 2012: $5.40 Number of units of Good B produced in 2012: 34,750 Price per unit of Good B in 2012: $7.80 Given the information above for an economy that produces only Good A and Good B, what was the value of nominal GDP in 2012? a. $352560 b. $201875 c. $210250 d. $338550

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