Last year an economy produced 3400 hurleys, 3000 footballs and 2000 rugby balls. The price of hurleys was €30, the price of footballs was €20 and the price of rugby balls was €25. Nominal GDP was:

(a) €212,000.
(b) €660,000.
(c) €420,250.
(d) Cannot be computed.


Answer: (a) €212,000.

Economics

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