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Paragraph Styles 3 5 6 1. (18 points) The table contains price and quantity information for two vehicle models produced by Ford Motor Company, the

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Paragraph Styles 3 5 6 1. (18 points) The table contains price and quantity information for two vehicle models produced by Ford Motor Company, the F-series truck and Escape SUV. 2018 2019 Price Quantity Price Quantity Escape SUV $26,485 303,069 $24,778 306,296 F-series truck $47,400 720,799 $47,950 796,264 a) Calculate the amount contributed by Ford to US GDP (real and nominal) from the sales of two models in 2019. The base year is 2018. b) If Ford were the entire economy, calculate the growth rate of nominal GDP using the following formula: Nominal GDP2019 Nominal GDP2018 100

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