The table contains price and quantity information for two products made by High Liner Foods of Nova Scotia—fish sticks and wild salmon fillets.

2018 2019 Price Quantity Price Quantity Fish sticks $7.19 307,069 $7.49 308,296 Wild salmon fillets

$11.99 200,516 $12.50 245,614

a. Calculate the amount contributed by High Liner to Canadian GDP (real and nominal) from the sales of the two products in 2018 and 2019.

b. Determine the growth rate of nominal GDP (if High Liner were the entire economy).

c. Determine the growth rate of real GDP (if High Liner were the entire economy).

d. Use the shortcut you learned to convert between real and nominal growth rates to determine the growth rate of prices.

e. Is the increase in nominal GDP due to a change in quantity, a change in prices, or both?