The nation of Potchatoonie produces hockey pucks, cases of root beer, and sandals. The following table provides data on prices and quantities of the three goods in years 2014 and 2017. Instructions:...


The nation of Potchatoonie produces hockey pucks, cases of root beer, and sandals. The following table provides data on prices and<br>quantities of the three goods in years 2014 and 2017.<br>Instructions: Enter your responses as whole numbers.<br>Pucks<br>Root beer<br>Sandals<br>Quantity<br>Quantity<br>Price<br>Quantity<br>100<br>Year<br>Price<br>Price<br>2014<br>100<br>$5<br>300<br>$15<br>$20<br>2017<br>125<br>$7<br>250<br>$20<br>110<br>$25<br>Assume that 2014 is the base year. Find nominal GDP and real GDP for both years.<br>Year<br>Nominal GDP<br>Real GDP<br>2014<br>$<br>2017<br>$<br>$<br>

Extracted text: The nation of Potchatoonie produces hockey pucks, cases of root beer, and sandals. The following table provides data on prices and quantities of the three goods in years 2014 and 2017. Instructions: Enter your responses as whole numbers. Pucks Root beer Sandals Quantity Quantity Price Quantity 100 Year Price Price 2014 100 $5 300 $15 $20 2017 125 $7 250 $20 110 $25 Assume that 2014 is the base year. Find nominal GDP and real GDP for both years. Year Nominal GDP Real GDP 2014 $ 2017 $ $

Jun 11, 2022
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