ssume a two good economy sells memory sticks and shoes. Use the table below to answer the following question.

2016

2017

Price of memory sticks

R140

R135

Quantity of memory stick sold

900

1150

Price of shoes

R280

R300

Quantity of shoes sold

850

900

From the table above we can conclude that

• A.Nominal GDP in 2017 is R508000.
• B.Nominal growth rate in GDP between 2016 and 2017 is 16.83%.
• C.Real GDP (with 2015 as the base year) in 2016 is R364000.
• D.Nominal GDP in 2016 is R281250.
• E.Real GDP increased by 12.78%.