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Use the following data to work Problems 5 and 6. Tropical Republic produces only bananas and coconuts. The base year is 2013, and the table
Use the following data to work Problems 5 and 6. Tropical Republic produces only bananas and coconuts. The base year is 2013, and the table gives the quantities produced and the market prices. Quantities Ismoon 2013 nob 190 2 2014 Bananas 800 bunches 900 bunches Coconuts 400 bunches 500 bunches Prices ality. 2013 2014 Bananas 1 2 $2 a bunch $4 a bunch Coconuts $10 a bunch $5 a bunch 5. Calculate nominal GDP in 2013 and 2014
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