Help on questions

Enter the answers to this homework in a canvas textbox. Press "Submit Assignment" to get the box, and then "Submit Assignment" when you are ready to turn it in. You do not have to show your work. Write the number of the question and then its associated answer. Here are the quantities of apples and oranges produced in an economy over two years and the prices they sold at. Use this information to answer the following 6 questions. Apples Apples Oranges Oranges Quantity Price Quantity Price Year 1 4 $1 6 $5 Year 2 3 $2 7 $4 1. What is the Nominal GDP for this economy in year 1? 2. What is the Nominal GDP for this economy for year 2? 3. What is the Real GDP in year 1? Use year 1 as your base year. 4. Still using year 1 as the base year, what is the Real GDP in year 2? 5. Are we producing more, less, or the same amount of stuff in year 2 than year 1? 6. Did prices rise, fall, or stay the same as we went from year 1 to year 2