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Margarita [4]
3 years ago
6

If a country produced nothing but 20 smartphones and 10 Blu-ray players in 2017, priced at $100 per smartphone and $200 per Blu-

ray player, its GDP in 2017 would be:
a. $5,000.
b. $1,000.
c. $4,000.
d. $2,000.
Business
1 answer:
TiliK225 [7]3 years ago
5 0

Answer:

The correct answer is option c.

Explanation:

A country produces two goods, smartphones, and Blu-ray players. The quantity of smartphones is 20, its price is $100.

While the quantity of Blu-ray players is 10 and the price is $200.

The GDP of a country measures the value of final goods and services produced in the country in a year.

The GDP of this country will be

=  (20\times \$100) + (10\times \$200)

= $2,000 + $2,000

= $4,000

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