The nation of Potchatoonie produces hockey pucks, cases of root beer, and sandals. The following table provides prices and quantities of the three goods in the years 2016 and 2019 Pucks Root Beer Sandals Year Quantity Price Quantity Price Quantity $20 Price $5 $20 $25 2016 100 300 100 2019 125 $7 250 $20 110 Assuming 2016 is the base year, find nominal GDP and real GDP for both years. Please enter your answers as numeric responses with no decimal places (ie. 2000 or $2000 not $2000.00 or "Two thousand dollars") What is the value of Nominal GDP for this nation in 2016? What is the value of Nominal GDP for this nation in 2019? What is the value of Real GDP for this nation in 2016? What is the value of Real GDP for this nation in 2019?

The table below is extracted from Happy land Republic, Bureau of Statistics recordsfor 2018-2019. Use the information in this table to answer the questions that follow.i. Calculate Happy Land Republic’s nominal GDP and real GDP in 2016ii. Why does real GDP always defer from nominal GDP?Item Base year (2015) 2016Production Price Production PriceUsed car sales 5,000 2000.00 6,000 2,500Factory components sales 8,000 500.00 10,000 1200.00Cloth sales 8,000 20.00 14,000 35.00Beef sales 1,500 10.00 1,800 12.00Milk litres sales 5,000 1.30 6,000 2.50Computers sales 2000 500.00 2500 800.00Printers sales 500 300.00 400 355.00Raw materials for tractorassembling plant sales 4500 250.00 4450 300.00

Please answer the three questions highlighted in the purple bracket

The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions.                   2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05 Calculate per capita spending in 2010 and 2020, respectively, using constant dollars.  *Results round to the nearest dollar.    2010 per capita spending:     2020 per capita spending:       2. Calculate the compound annual growth rate of per capita spending from 2010 to 2020              3. Calculate spending-to-GDP ratios in 2010 and 2020, respectively.  *Results round to the nearest 2 decimal places.  2010 spending-to-GDP ratio:     2020 spending-to-GDP ratio:     Interpret what the two spending-to-GDP ratios tell us about City A’s spending trend.        4. Assuming City A’s population grows at a constant rate in the next decade.…

I know for real GDP you use price of base year and quantity of current year but I keep getting an answer that is not one of the options.

Laptops 2010 2011 2012 Price $1,700 $1,400 $1,200 Complete the following table by calculating nominal GDP and real GDP (using 2010 as the base year) for each year. (Enter your responses as integers.) 2010 2011 2012 Quantity 7 9 9 Textbooks Price Quantity $180 $190 6 8 $210 9 Nominal GDP $ 13,040 $ 14,260 $ 12,850 Using the chain-weighted method outlined above, real GDP for 2011 is $ 16,810. (Round your response to the nearest dollar.) Using the chain-weighted method again, real GDP for 2012 is $ (Round your response to the nearest dollar.) Energy Drinks Price Quantity $2 30 $4 35 $4 40 Real GDP (2010 Base) $ 13,040 $ 16,810 $ 17,000

The country of Iran produces laptops and food processors.  The table below shows price and output data in these industries for the years 2013 through 2015.   2013 2014 2015   price quantity price quantity price quantity Laptops $1,200 450 $1,000 600 $800 1000 Food Processors $200 2000 $300 1900 $400 1600 Which of the following shows how to find 2014 GDP in 2015 prices? Group of answer choices A) $1200 x 600 + $200 x 1900 = $1,100,000 B) $800 x 600 + $400 x 1900 = 1,240,000 C) $1000 x 600 + $300 x 1900 = $1,170,000 D) $1000 x 1000 + $300 x 1600 = $1,480,000 E) $1000 x 800 + $300 x 400 = $920,000