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a. An economy produces three goods: orange, mango and mango juice. It is assumedthat half of the mango are bought and consumed as final good;

a.An economy produces three goods: orange, mango and mango juice. It is assumedthat half of the mango are bought and consumed as final good; the other half is used to produce mango juice.

In 2019, 400 KGs of oranges are produced at Rs.60/kg, 1000 KGs of mangoes are produced at 120/kg, and 150 Glasses of mango juice are produced at Rs.200/glass.

In 2020, 425 KGs of oranges are produced at Rs.55/kg, 1250 KGs of mangoes are produced at 140/kg, and 200 glasses of mango juice are produced at Rs.210/glass.

Find the following:

Assuming 2019 is the base year; calculate the real GDP, nominal GDP and GDP deflator in 2019 and 2020.

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