Suppose that a simple economy produces pizza, video games, and candy. The following table gives quantities and prices for each good in three successive years:

a. Calculate GDP in 2010, 2011, and 2012.
b. What is the growth rate of GDP between 2010 and 2011?
c. What is the growth rate of GDP between 2011 and 2012?
d. Does GDP, measured in this way, show the change in quantity of goods produced from 2010 to 2011? From 2011 to 2012? Briefly explain.

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2010 20112012 се Quantity PriceQntity Price Quantity Price Pizza 100 $0.50 125 $0.50 125 $0.60 Video games 75 .0085 00 85 1.25 20 5.00 30 5.00 30 6.00 Candy