Answer:
$10,560
Explanation:
Data is missing in the question, so a similar question is attached with this answer and answer is made accordingly.
According to given data
2008
Coffee beans
Quantity = 500 lbs
Price = $12 per lbs
Corn
Quantity = 600 bushels
Price = $6 per bushel
2009
As there is only change in quantity by 10% increase in Price of each product
New Quantities
Coffee beans = Quantity in 2008 x 110% = 500 lbs x 110% = 550 lbs
Corn = Quantity in 2008 x 110% = 600 bushels x 110% = 660 bushels
GDP is the market value of all the final goods and services produces and rendered during the period. here we only have two products, so the GDP will be calculated by taking total value of both.
GDP 2009 = (Quantity of Coffee beans in 2009 x Price of Coffee beans in 2009) + (Quantity of Corn in 2009 x Price of Corn in 2009)
GDP 2009 = (550 lbs x $12) + (660 bushels x $6) = $6,600 + $3,960 = $10,560
