Last year, an economy produced 2400 bananas, 3000 satsumas and 2500 peaches. The price of bananas was €0.50, the price of satsumas was €0.60 and the price of peaches was €0.50. Nominal GDP was:
(a) € 5200.
(b) € 6600.
(c) € 4250.
(d) Cannot be computed.
Answer: (c) € 4250.
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