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A country produces 5 planes and 10 cars. the price of one unit of plane is given by $100 while the price of Car is $1. Calculate the GDP of this country ?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Measuring A Nation's Income

Section15.2: The Measurement Of Gdp

Problem 2QQ

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A country produces 5 planes and 10 cars. the price of one unit of plane is given by $100 while the price of Car is $1. Calculate the GDP of this country ?

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