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The following table has production and prices for Laurasia for three years: Product 2015 2015 2016 2016 2017 2017 Output Prices Output Prices Output Prices

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The following table has production and prices for Laurasia for three years: Product 2015 2015 2016 2016 2017 2017 Output Prices Output Prices Output Prices Hats 180 14.00 200 12.00 240 $ 15.00 Bananas 450 2.00 500 1.50 600 2.00 Drills 75 $ 35.00 100 40.00 125 $ 50.00 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 : $ MAC

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