Question: How do I solve this ? Country A produces only two goods: Apples and Sandwiches. The following table shows the prices and quantities of the

How do I solve this ?

How do I solve this ? Country A produces only two goods:

Country A produces only two goods: Apples and Sandwiches. The following table shows the prices and quantities of the two goods for 2000 and 2001. Using the given information, please find the Nominal GDP, Real GDP, GDP Deflator for 2000 and 2001, and inflation rates for 2001. (Base Year: 2000) Apples Sandwiches Year Price ($) Quantity Price ($) Quantity 2000 5 150 10 80 2001 7 165 11 90

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