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15 of 35 (Scenario: Good A and Good B). The town of York produces two goods, good A and good B. The following is information

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15 of 35 (Scenario: Good A and Good B). The town of York produces two goods, good A and good B. The following is information regarding York's production of these two goods and their prices over three years. With 2017 as the base year, real GDP in 2017 was GDP in Year 2017 Year 2018 Year 2019 Quantity of good A 3 4 5 Price of good A $500 $550 $550 Quantity of good B 10 10 10 Price of good B $2 $4 $5 O equal to real; 2018 O equal to nominal; 2017 O greater than real; 2018 greater than nominal; 2019

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