Wendy worked as a salesperson and had the highest total dollar value of sales for all salespersons in her company in the first quarter. Thereafter, Wendy’s boss said that he would pay Wendy a $10,000 bonus on her next paycheck based on those first quarter sales. When Wendy received her next paycheck, there was no bonus. If Wendy sues her employer to recover the $10,000 bonus, the likely result will be

$900 and $1,077.50.

Explanation:

The computation of the Nominal GDP for year 1 and the year 2 is shown below:

Nominal GDP for year 1:

= Number of golf balls × selling price + Number of pizzas × selling price

= 100 golf balls × $3 + 75 pizzas × $8

= $300 + $600

= $900

Nominal GDP for year 2:

= Number of golf balls × selling price + Number of pizzas × selling price

= 110 golf balls × $3.25 + 80 pizzas × $9

= $357.50 + $720

= $1077.50