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Please answer Table 1: 2014 2015 Product Quantity Price Quantity Price Hats 200 $18 205 $20 Hamburgers 1800 $1 1900 $1 Tablets 40 $200 42

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Table 1: 2014 2015 Product Quantity Price Quantity Price Hats 200 $18 205 $20 Hamburgers 1800 $1 1900 $1 Tablets 40 $200 42 $210 Refer to Table 1. Consider the Table 1 data for a simple economy. All goods are final goods. For dollar figures, do not use decimals. For percentages, round to nearest 100th (for example, 5.73). Calculate Nominal GDP for 2015: $ Calculate Real GDP for 2015 using 2014 as the base year: $ Calculate Real GDP for 2014 using 2014 as the base year: $ Calculate economic growth between 2014 and 2015

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