Answer: $5500
Explanation:
Nominal GDP is when th current market prices of goods is being used to calculate the value of every goods and services for that particular country.
To solve this, we have to multiply the quantity of the goods by their prices. This will be:
= (2000 × $1.50) + (1000 × $2.50)
= $3000 + $2500
= $5500
