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Related to Solved Problem 2.ZA] Use the information in the following table to calculate nominal and real GDP for ZU05 and Z0 15. Assumfie Illa
Related to Solved Problem 2.ZA] Use the information in the following table to calculate nominal and real GDP for ZU05 and Z0 15. Assumfie Illa 2005 2013 Product Quantity Price Quantity Price Oranges 300 $3.00 340 $3.25 Plums 70 $0.60 65 $0.70 Haircuts $30.00 8 $32.00 Pizza 60 $10.00 70 $10.25 Nominal GDP in 2005 is $ (Round your response to two decimal places.) Real GDP in 2005 is $.(Round your response to two decimal places.) Nominal GDP in 2013 is $ (Round your response to two decimal places.) Real GDP in 2013 is $ . (Round your response to two decimal places.)
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