A simple economy produces twogoods, Apple Pies

ApplePies and Video Games

VideoGames. Price and quantity data are asfollows:

Production and Prices in Year 1(Base year)

Product Quantity Price Per Unit

Apple Pies 100 $1.50

Video Games 500 $35.00

Production and Prices in Year 2

Product Quantity Price Per Unit

ApplePies 125.00 $2.25

VideoGames 750.00 $70.00

In Year2, nominal GDP is equalto: $_______, and real GDP is $_______

(enter both responses rounded to the nearest penny).