Question

If a country produced nothing but 20 smartphones and 10 Blu-ray players in 2017, priced at $100 per smartphone and $200 per Blu-ray player, its GDP in 2017 would be: $1,000. $5,000. $2,000. $4,000.

Answer 1

$4,000

Step-by-step explanation:

The computation of the GDP i.e gross domestic product is shown below:

= Number of smartphones × price per smartphone + number of Blu-ray players + price of Blu-ray players

= 20 smartphones × $100 + 10 Blu-ray players × $200

= $2,000 + $2,000

= $4,000

We considered all the information that is mentioned in the question