Question:

2. What are the nominal and real GDP of 2017? ...

[Rest of the question in the picture BELOW]

*** Please explain and show all work. Thank you very much and will rate! :)

Below are some data from the land of milk and honey: Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey 2016 $1 100 quarts $2 50 quarts 2017 200 2 100 2018 2 200 4 100