7-1 1. Which of the following activities of a digital device manufacturer during the current year are included in this year's measure of GDP? 3. The firm makes a chip in June, uses it as a component in a device in August, and sells the device to a customer in November. b. A retail outlet of the firm sells a device completely built during the current year. c. A marketing arm of the company receives fee income during the current year when a buyer of one of its devices elects to use the device manufacturer as her Internet service provider. 7-13. Consider the table below for the economy of a nation whose residents produce five final goods. 2020 2024 Good Price Quantity Price Quantity Shampoo $ 2 15 $ 4 20 External hard drives 200 10 250 10 Books 40 5 50 4 Milk 3 10 4 3 Candy 1 40 2 20 Assuming a 2020 base year: a. What is nominal GDP for 2020 and 2024? b. What is real GDP for 2020 and 2024