Gorgonzola is a small island nation with a simple economy that produces only six goods: sugar cane, yo-yos, rum, peanuts, harmonicas, and peanut butter. Assume that onequarter of all the sugar cane is used to produce rum and onehalf of all the peanuts are used to produce peanut butter.
a. Use the production and price information in the table to calculate nominal GDP for 2015.
b. Use the production and price information in the table to calculate real GDP for 2013, 2014, and 2015 using 2013 as the base year. What is the growth rate of real GDP from 2013 to 2014 and from 2014 to 2015?

c. Use the production and price information in the table to calculate real GDP for 2013, 2014, and 2015 using 2014 as the base year. What is the growth rate of real GDP from 2013 to 2014 and from 2014 to 2015? 

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2013 2015 2014 Quantity Price Quantity Price Quantity Price Product Sugar cane Yo-yos Rum Peanuts Наrmonicas Peanut butter 240 600 150 240 $0.80 700 300 $1.00 750 180 $1.15 4.00 15.00 2.50 30.00 2.50 3.00 10.00 12.00 160 450 2.00 450 85 2.50 30.00 4.50 500 75 25.00 100 75 85 4.50 85 5.00