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What is real gdp for 2009 and 2013

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Reference no: EM13335734

Consider the following table for the economy of a nation whose residents produce five final goods.

2009 2013

Goods Price QTY Price QTY

Shampoo $2 15 $4 20

DVD drives 200 10 250 10

Books 40 5 50 4

Milk 3 10 4 3

Candy 1 40 2 20

a. What is nominal GDP for 2009 and 2013

b. What is real GDP for 2009 and 2013

Reference no: EM13335734

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