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The following table contains prices and quantities for the three goods produced in the country of Linfieldia. Year Price of a Notebook Quantity of Notebooks
The following table contains prices and quantities for the three goods produced in the country of Linfieldia. Year Price of a Notebook Quantity of Notebooks Price of a Thesis Quantity of Theses Price of a Doughnut Quantity of Doughnuts 2014 $2.00 80 $830 6 $0.50 400 2015 $2.50 75 $780 8 $1.00 400 2016 $3.00 90 $1,500 3 $1.00 350 Refer to the table above. Assuming that 2015 is the base year, what is nominal GDP for 2016? Group of answer choices $5,900 $6,330 $5,450 $5,120
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