Question: Consider the data shown below for Vicuna, a country that produces only two products oranges and shirts. Year 2013 2015 Oranges Produced 1,800 2,000 Price

Consider the data shown below for Vicuna, a country that produces only two products oranges and shirts.

Year 2013 2015 Oranges Produced 1,800 2,000 Price of Oranges $0.90 1.00 Shirts Produced 110 110 Price of 1. What is the nominal GDP in 2013? 2. What is the nominal GDP in 20157 3. What is the real GDP in 2013 il

Year 2013 2015 Oranges Produced 1,800 2,000 Price of Oranges $0.90 1.00 Shirts Produced 110 110 Price of Shirts $30.00 35.00

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