There are only two products in a country, bread and apples. In 2013, there are 200 loaves of bread that sell for $1.50 each and 450 apples that sell for $1 each. From this we can determine that the nominal GDP in 2013 is:

There are only two products in a country, bread and apples. In 2013, there are 200 loaves of bread that sell for $1.50 each and 450 apples that sell for $1 each. From this we can determine that the nominal GDP in 2013 is:



a. $200
b. $450
c. $650
d. $750
e. $875


Answer: d. $750


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