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Table 15-10 Year Shirts Produced Oranges Produced 1,800 2,000 Price of Oranges (Dollars) $0.90 $1.00 Price of Shirts (Dollars) 1998 110 110 $30 $35 2000

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Table 15-10 Year Shirts Produced Oranges Produced 1,800 2,000 Price of Oranges (Dollars) $0.90 $1.00 Price of Shirts (Dollars) 1998 110 110 $30 $35 2000 Consider the data shown above for a fictional economy that produces only two products: oranges and shirts. Refer to Table 15-10. Nominal GDP for this fictional economy for 1998 equals O $5,850. $4,620. $5,100. $5,300

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