Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 23 - Part VIII - Measuring a Nation's Income - Quick Check Multiple Choice - Page 502: 1

Answer

b. 15

Work Step by Step

$2 \times 30 = 60$ $60 \div 4 = 15$ Since the price of a hamburger is double that of a hot dog, it will take half as many hamburgers to be sold in order to reach the same amount of GDP as the given number of hot dogs.
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