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The annual output and prices of a three-good economy are shown in the table below. Good Quarts of ice cream Bottles of shampoo Dars of

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The annual output and prices of a three-good economy are shown in the table below. Good Quarts of ice cream Bottles of shampoo Dars of peanut butter Price Year 1 $ 4 $ 3 $ 2 Quantity of Goods Year 1 4 2 4 Price Year 2 $ 4 $ 3 $ 2 Quantity of Goods Year 2 6 3 3 Instructions: Enter your answers as a whole number. a. What was the economy's nominal GDP in year 1? $ b. What was its nominal GDP in year 2

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