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Year Good 1 Good 2 Good 3 Price Quantity Price Quantity Price Quantity 2011 4.45 100 17.80 239 19.58 34 2012 5.00 102 20.00 240
Year Good 1 Good 2 Good 3 Price Quantity Price Quantity Price Quantity 2011 4.45 100 17.80 239 19.58 34 2012 5.00 102 20.00 240 22.00 35 2013 5.25 100 21.00 241 23.10 38 2020 6.10 104 24.40 243 26.84 35 Consider the table above. It shows the prices and quantities of only three final goods produced and sold in a country. The government's national income accountants have chosen 2012 to be the base year. Fill in the following: Nominal GDP in 2011 = 5364.92 dollars Nominal GDP in 2012 = 6080 dollars Nominal GDP in 2013 = 6463.8 dollars Nominal GDP in 2020 = 7503 dollars
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