Question
The following table shows prices and quantities for the nation of Waziristan, which only manufactures calculators and sweatshirts: Quantity Year 1 for Calculators is 13,593
The following table shows prices and quantities for the nation of Waziristan, which only manufactures calculators and sweatshirts:
Quantity Year 1 for Calculators is 13,593 Price for Calculators Year 1 is $14
Quantity Year 2 for Calculators is 14,273 Price for Year 2 Calculators is $15
Quantity Year 1 for Sweatshirts is 65,541 Price for Sweatshirts Year 1 is $7
Quantity Year 2 for Sweatshirts is 64,230 Price for Sweatshirts Year 2 is $6
Part 2: The nominal GDP of Waziristan in Year 1 is $ enter your response here. (Enter your response as a whole number.)
Part 3: The nominal GDP of Waziristan in Year 2 is $ enter your response here. (Enter your response as a whole number.)
Part 4: Assuming Year 1 is the base year, the real GDP of Waziristan in Year 1 is $ enter your response here. (Enter your response as a whole number.)
Part 5: Assuming Year 1 is the base year, the real GDP of Waziristan in Year 2 is $ enter your response here. (Enter your response as a whole number.)
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