Question: Please fill in the missing information 2 Item Year 1 Year 2 Apples 20,000 @ $0.25 each 30,000 @ $0.30 each Bicycles 700 @ $800

Please fill in the missing information

Please fill in the missing information 2 Item Year 1 Year 2

2 Item Year 1 Year 2 Apples 20,000 @ $0.25 each 30,000 @ $0.30 each Bicycles 700 @ $800 each 850 @ $650 each oints Apps 10,000 @ $1.00 each 12,000 @ $2.00 each eBook Ask a, Compute nominal GDP in each year. Year 1: $ 575,000 Print Year 2: b. By what percentage did nominal GDP change between Year 1 and Year 2? References Percentage change = [(new value - original value)/original value]*100 Instructions: Round your response to one decimal place. Nominal GDP increased by c. Now compute real GDP in Year 2 by using the prices of Year 1. Real GDP: d. By what percentage did real GDP increase between Year 1 and Year 2? Percentage change = [(new value - original value)/original value]*100 Instructions: Round your response to one decimal place. Real GDP increased by

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