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The chart below gives prices and output information for the country of Distopia. Use this information to calculate real and nominal GDP for both years.
The chart below gives prices and output information for the country of Distopia. Use this information to calculate real and nominal GDP for both years. You will need to scroll down to finish. Year2000 2000 2001 2001 Price Quantity Price Quantity ce Cream 4500 9 800 Blue Jeans 30 50 60 60 Lap Tops 200 4 900 7 Fill in the charts below by inserting the appropriate price and quantity figures from the table abovee into the spaces below. The base year is 2001 Nominal GDP, year 2000: Price Cpxniiy ce Cream Blue Jeans Lap Tops
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