Question

The nation of Swampastan produces only two goods, chips and dip. Calculate the GDP for Swampastan if dip retails for $3.00 a pound and 10 pounds are produced while chips sell for $2.00 a pound and 20 pounds are produced.

A) $1,200.00
B) $150.00
C) $30.00
D) $70.00

Answer 1

The answer would be D.) $70.00

Step-by-step explanation: First multiply $3.00 by 10, so 3*10=30. Then you multiply $2.00 by 20, so 2*20=40. Then add those together 40+30=$70.