2. An economy produces hamburgers and pizza. In 2014, 100 hamburgers were sold for price $5 and 50 pizzas were sold for price $12. In 2015, 150 hamburgers were sold for price $4 and 30 pizzas were sold for price $20 a. Find nominal GDP in each year. What is the growth rate of nominal GDP ?

Answer rating: 100% (QA)

To find the nominal GDP for each year we first need to calculate the to... View the full answer