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Required Information Part 1 of 2 Total production 4.44 Total income points Total expenditure Book Print - 0:00 / 6:02 References The following table has

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Required Information Part 1 of 2 Total production 4.44 Total income points Total expenditure Book Print - 0:00 / 6:02 References The following table has production and prices for Laurasla for three years: 2017 Product 2015 Output 2015 Prices 2016 Output 2016 Prices 2017 Prices Output Hats 188 $ 14.09 208 $ 12.09 248 $ 15.09 Bananas 450 $ 2.00 $1.50 $ 2.09 Drills 75 $ 35.90 $ 40.09 125 $ 50.09 Calculate Nominal GDP for each of the following years: Instructions: Enter your answers as whole dollar amounts. a. 2015 Nominal GDP = $ b. 2016 Nominal GDP = $ c. 2017 Nominal GDP : $2 Required Information Part 2 of 2 Total production 4.44 Total income points Total expenditure eBook Print 0:00 / 6:02 References The following table has production and prices for Pangea for three years: Product 2015 Output 2015 Prices 2016 Output 2016 Prices 2017 Output 2017 Prices Coffee mugs 1, 290 $ 12.09 1,09e $ 14. 80 1, 198 $ 15.90 Burgers 809 $ 7.08 858 $8. 80 $ 9.09 Aspirin 750 $ 5.09 $ 6.80 708 $ 8.09 bottles Calculate Real GDP for each year, using 2016 as the Base Year: Instructions: Enter your answer as a whole dollar amount. a. 2015 Real GDP = $ b. 2016 Real GDP = $

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