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Problem

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question

Imagine an economy that produces only two goods cheese and crackers. Calculate GDP for this economy if cheese retails for 3apoundand10poundsareproducedwhilecrackerssellfor3 a pound and 10 pounds are produced while crackers sell for 2 a pound and 20 pounds are produced.
Plain-text mathematical notation (without MathML)
Imagine an economy that produces only two goods cheese and crackers. Calculate GDP for this economy if cheese retails for 3apoundand10poundsareproducedwhilecrackerssellfor2 a pound and 20 pounds are produced.
Original LaTeX notation
Imagine an economy that produces only two goods cheese and crackers. Calculate GDP for this economy if cheese retails for $3 a pound and 10 pounds are produced while crackers sell for $2 a pound and 20 pounds are produced.

choices

  1. $35
  2. $1,200
  3. $70
  4. $150

subject

high_school_macroeconomics

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