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Question: 3. What is the nominal and real GDP of 2018? ... [Rest of the question in the picture BELOW] *** Please explain so that

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3. What is the nominal and real GDP of 2018? ...

[Rest of the question in the picture BELOW]

*** Please explain so that I can understand and learn. I will rate your answer.

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

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