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The table below represents a simple, fictional economy. It shows the product being produced each year and the price the product is sold for. Use
The table below represents a simple, fictional economy. It shows the product being produced each year and the price the product is sold for. Use the information in the table to answer the following question:
What is the nominal GDP in the year 2019?
Please round to two decimal places and do not include the dollar sign. For example, if your answer turns out to be $574.2486, you would enter 574.25
2019 Price | 2019 Quantity | 2020 Price | 2020 Quantity | |
Water Bottles | $1.18 | 12 | $1.3 | 17 |
Calculators | $17.47 | 10 | $22.74 | 12 |
Markers | $2 | 25 | $2.94 | 22 |
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