Question: Calculate nominal GDP in 2016 and 2017. Use the table, which shows an economys total production and the prices of the final goods it produced

Calculate nominal GDP in 2016 and 2017.

Use the table, which shows an economy€™s total production and the prices of the final goods it produced in 2016 and 2017. GDP data for 2016 Quantity Item Price $2 Fish 00 Berries 50 $6 GDP data for 2017 Quantity Price Item Fish 75 $5 $10 Berr

GDP data for 2016 Quantity Item Price $2 Fish 00 Berries 50 $6 GDP data for 2017 Quantity Price Item Fish 75 $5 $10 Berries 65

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