The table shows some data for an economy.
If the base year is 2019, calculate the economy's nominal GDP and real GDP in 2020.
Nominal GDP in 2020 is $
Real GDP in 2020 is $
able[[ able[[In 2019],[Item]],Quantity,Price],[Apples,60,$0.50
The table shows some dafa for an economy. If the base year is 2019,calculate the economy's nominal GDP and real GDP in 2020.
In 2019 Item
Quantity 60 80
Price $0.50 $0.25
Apples Oranges
Nominal GDP in 2020 is $
In 2020 Item
Real GDP in 2020 is $
Quantity 160 220
Price
Apples Oranges
$1.00 $2.00