The table shows production data for the country of Spiceville. Data table Cinnamon $5 78 $6...
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The table shows production data for the country of Spiceville. Data table Cinnamon $5 78 $6 Nutmeg $3 24 $4 • 2018 Ginger $2 54 $3 60 Calculate nominal GDP in: • 2019 2018 2019 2020 Price Quantity Price Quantity Price Quantity 50 $7 55 • 2020 • 2019 • 2020 30 $ 4.5 $ 3.25 42 Using 2019 as the base year, calculate real GDP in: . 2018 20 The table shows production data for the country of Spiceville. Data table Cinnamon $5 78 $6 Nutmeg $3 24 $4 • 2018 Ginger $2 54 $3 60 Calculate nominal GDP in: • 2019 2018 2019 2020 Price Quantity Price Quantity Price Quantity 50 $7 55 • 2020 • 2019 • 2020 30 $ 4.5 $ 3.25 42 Using 2019 as the base year, calculate real GDP in: . 2018 20
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