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Consider an economy that only produces two goods: DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Nominal GDP this year is:Group of answer choices$100.$650.$700.$500$1,350

Respuesta :

Answer:

$650

Explanation:

The gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Nominal GDP is GDP calculated using current year prices.

(15 × $10) + (10 × $50) = $650

I hope my answer helps you

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