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Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry's produced 12,000 large pepperoni pizzas (identical to last year's pizzas) but sold them for $10 each. Based on this information, we can conclude that Harry's production of large pepperoni pizzas a. Increased real GDP by $20,000. b. Did not change nominal GDP. c. Decreased real GDP by $20,000. d. Did not change real GDP.

Respuesta :

jepessoa

Answer:

a. Increased real GDP by $20,000.

Explanation:

Changes in real GDP are calculated by multiplying changes in total output times the base year's price. Assuming that last year was our base year, the price of pizzas is $10 each. The change in real GDP is given by the larger amount of pizzas sold:

change in real GDP = (12,000 - 10,000) x $10 = 2,000 x $10 = $20,000

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