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The following table has production and prices for Pangea for three years: 2015 Product output 2015 prices 2016 output 2016 prices 2017 output 2017
The following table has production and prices for Pangea for three years: 2015 Product output 2015 prices 2016 output 2016 prices 2017 output 2017 prices Coffee mugs 900 $ 14.00 1000 $ 12.00 1200 $ 15.00 Burgers Aspirin bottles 600 $ 7.50 700 $ 9.00 800 $ 8.00 500 $ 6.00 450 $ 8.00 400 $ 5.00 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 = $ c.) 2017 Real GDP = $
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