Question 24 Table 4.19 Not yet 2012 2020 answered Product Quantity Price Quantity Price Marked out of Movie 20 $6.00 30 $7.00 1.00 Burgers 100 2.00 90 2.50 P Flag Bikes 3 1,000.00 6 question 1, 100.00 A very simple economy produces three goods: movies, burgers, and bikes. The quantities produced and their corresponding prices for 2012 and 2020 are shown in the table above. Refer to Table 4.19. What is nominal GDP in 2012? O a. $3,320 O b. $7,035 O c. $6,360 O d. $8,340 O e. $3,690 Question 25 Table 4.20 Not yet 2018 2020 answered Product Quantity Price Quantity Price Marked out of 1.00 Cameras 100 $10 120 $12 Legal Flag question services 50 15 45 20 Books 200 40 210 45 A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2018 and 2020 are shown in the table above. Refer to Table 4.20. What is the GDP deflator in 2020 if 2020 is the base year? O a. 118 O b. 100 O c. 78 O d. 87 O e. 120