2. Consider the following table for an economy whose residents produce four goods. (7.0)
Good
2015
2019
Price ($/unit)
Qty
Price ($/unit)
Qty
Shampoo
2.49
15
4.19
30
DVD Drives
19
10
14
20
Books
4.99
5
7.99
4
Candy
0.35
45
0.45
60
Calculate Nominal GDP for 2015, 2019, Real GDP for 2019 & GDP Deflator