Consider a simple economy that produces two goods: apples and muffins. The following table...

Consider a simple economy that produces two goods: apples and muffins. The following table shows the prices and quantities of the goods over a three-year period. Base year is 2014. Apples Muffins Price Quantity Price Quantity Year (Dollars per apple) (Number of apples) (Dollars per muffin) (Number of muffins) 2014 145 N 195 2015 165 A 225 W N 2016 110 165 Use the information from the preceding table, calculate the Nominal GDP, Real GDP and GDP deflator in year 2015. Nominal GDP in 2015 = $ Blank 1 Real GDP in 2015 = $ Blank 2 GDP deflator = Blank 3 Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your