Real/Nominal GDP 1 . Product Apple Pies Software HW Score: 44.44%, 12 of 27 points O Points: 0 of 4 A simple economy produces two goods, Apple Pies and Software. Price and quantity data are as follows: Production and Prices in Year 1 (Base year) Quantity 130 800 Product Apple Pies Software Price Per Unit Production and Prices in Year 2 Quantity 162.50 1,200.00 $2.00 $30.00 Price Per Unit Save $3.00 $60.00

A simple economy produces two goods, Apple Pies and Software. Price and quantity data are as follows: In Year 2, nominal GDP is equal to: $, and real GDP is $ (enter both responses rounded to the nearest penny)