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i Chrome File Edit View History Bookmarks People Window Help 52%, Mon 8:09 PM . . ' Syllabus for ECON 175-3 X . Principles of Macroeconc × Quiz Chapter 6 Quiz Q Econ Chapter 8 Flash car Q Principles of Macroecon X e 1 Chrome File Edit View x × × C secure https://coastdistrict.instructure.com/courses/39744/quizzes/122104/take Question 1 1 pts Grades Syllabus People Question 8 Exhibit 18-1 summarizes a certain economy's final output. Time Running: Hids Attempt due: Jan 15 at 9:09pm 59 Minutes, 56 Seconds Exhibit 18-1 Amount Produced Price per Unit Courses Smartphones 10 Movies $500 100 $10 According to this table, GDP equals O $5,000. $500. o $1,000. o $6,000. o GDP cannot be computed with the given information. Next

Explanation / Answer

The right answer is option 4. $6,000.

Explanation: GDP is the total value of all goods and services produced in an economy in a given year. The GDP of this country = Market value of all smartphones produced + Market value of all movies produced = (10 * $500) + (100 * $10) = $5,000 + $1,000 = $6,000.

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