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Ch 7 Hwk i Saved 16 Connect Problem CP 7-11 (algo) 0.65 Fill in the missing values in the table below. points Instructions: Round your answers to 1 decimal place. Skipped Nominal Gross Real Gross Year Domestic Product | Domestic Product Price Index ($ billions) ($ billions) (Year 0 = 100) eBook 1 15064.4 101.4 2 15120.6 103.5 3 16255.3 15454.7 References 4 15712.2 107.1 5 17493.1 16082.2 6 18136.6 110.217 Imagine that a country produces only three goods: apples, bananas, and carrots. The quantities produced and the prices of the three goods are listed below. 0.65 Goods Quantities points Produced Price Apples 6 $2.00 Bananas 12 1.50 Carrots 22 1.00 Instructions: Round your answers to 2 decimal places. a. What is this country's GDP? $ 53 b. Suppose that a drought hits the country, causing the quantity of apples produced to fall to 3. Assuming that all prices remain constant, what is this country's new level of GDP? $ c. Assume, once again, that the quantities produced and the prices of the three goods are as listed in the table. Given this situation, carrot sellers decide that the price of carrots is too low and agree to raise the price of carrots. If GDP is $80.00, what will be the new price of carrots? $ per carrot Mc Graw Education CBook