Business, 10.03.2020 07:31, juniorgutierrez997

Consider an economy that produces only 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: $100. $500. $700. $650.

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Consider an economy that produces only DVDs and DVD players. Last year, 10 DVDs were sold at $20 eac...