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Consider the following table for the economy of a nation whose residents produce four final goods:
2022
2023
a. Assume 2023 as the base year.
Calculate nominal GDP for 2022.
Calculate nominal GDP for 2023. $[
b. Assume 2023 as the base year.
Calculate real GDP for 2022.
Calculate real GDP for 2023. $
Good
Computers
Bananas
Televisions
Cookies
Price
$ 908.00
$8.00
$98.00
$1.00
Quantity
8
2,722
544
9,846
Price
$713.00
$12.00
$160.00
$2.00
Quantity
16
1,223
271
10,328

Consider the following table for the economy of a nation whose residents produce four final goods 2022 2023 a Assume 2023 as the base year Calculate nominal GDP class=


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