Real versus nominal GDP

three-year period. Consider a simple economy that produces two goods: apples and envelopes. The following table shows the prices and quantities of the goods over a Apples Envelopes Price Quantity Price Year Quantity ( Dollars per apple) (Number of apples) (Dollars per envelope) (Number of envelopes) 2017 125 155 2018 N 135 210 2019 100 200 Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP Year (Dollars) (Base year 2017, dollars) GDP Deflator 2017 Activate Windows 2018 Go to Settings to activate 2019