Scenario

1:

Imagine that an economy produces two goods, flashlights and fishing lures. In 2015, the economy produced 70 flashlights and 40 fishing lures, and the prices of flashlights and fishing lures were $5 and $12, respectively. In 2016, the economy produced 85 flashlights and 50 fishing lures, and the prices of flashlights and fishing lures were $7 and $15, respectively.

Based on the information in Scenario 1, nominal GDP in 2015 in this economy was

A.

$830.

B.

$1,025.

C.

$1,090.

D.

$1,345.