Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above. The base year is 2012. Nominal GDP in 2013 is equal to

A Pigouvian tax is a tax designed to ________

A) induce consumers of a good to reduce the consumption of the good B) induce producers generating negative externalities to reduce production C) induce producers generating positive externalities to reduce production D) induce producers to stop the production of a good

In the figure above, when the market is unregulated and in equilibrium, the deadweight loss is ________ thousand per month

A) $250 B) $125 C) $150 D) $50 E) zero