Question: In Year 2, nominal GDP is equal to $__ and real GPD is $__. A simple eoonomy produces two goods, Pumpkin Pies and Video Games.
In Year 2, nominal GDP is equal to $__ and real GPD is $__.

A simple eoonomy produces two goods, Pumpkin Pies and Video Games. Price and quantity data are as follows: Production and Prices in Year 1 {Base year) Product Quantity Price Per Unit Pumpkin Pies 100 $2.00 Video Games 700 $45.00 Production and Prices in Year 2 Product Quantity Price Per Unit Pumpkin Pies 125.00 $3.00 Video Games 1,050.00 $90.00 In Year 2. nominal GDP is equal to: 15D. and real GDP is $D (enter both responses rounded to the nearest penny)
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