Question: Which is the correct answer and why (please explain the calculations/ working out)? Eden,a country, produces just two output goods: apples and snakeskin handbags. The

Which is the correct answer and why (please explain the calculations/ working out)?

Eden,a country, produces just two output goods: apples and snakeskin handbags. The quantities produced and the prices of the two goods in 2016 and 2017 (in 35) are given below. Based on this information, which of the following statements is correct? apples snakeskin handbags quantity 100 20 2016 price 10 24 quantity 124 10 2017 price 11 25 Select one: 7 3- Nominal GDP in 2016 was $1,614. 7 '3' Nominal GDP growth rate between 2016 and 2017 was 9.1%. - c. Real GDP grew between 2016 and 2017. 7 d- NominalGDPin 2017was $1,480

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