Question: I need help calculating the nominal GDP. I keep getting this answer wrong and I only have one more chance at getting the question correct.

I need help calculating the nominal GDP. I keep getting this answer wrong and I only have one more chance at getting the question correct.

A simple economy produces two goods, Apple Pies

ApplePies and Computer Games

ComputerGames. Price and quantity data are as follows:

(enter both responses rounded to the nearest penny).

Production and prices in year 1 (base year)

Product Qty Price Per Unit

Apple Pies 120 $2.50

Computer Games 650 $40.00

Production and prices in year 2

Apple pies 150.00 $3.75

Computer games 975.00 $80.00

The calculation for real GDP that I get is- 39,375

The calculation that I get for nominal GDP is-

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