How to calculate ? This question don\'t give the quantity of 2011 So,how to calc

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How to calculate ? This question don't give the quantity of 2011 So,how to calculate nominal GDP 2011 and Real GDP , I just calculated 2010GDP and Real GDP is 650 Quiz&quiz; probGuid-MCPLCOA80101000000218ab7400100008 ck 3 1463123427585 0AAA68780153A0452DC9BEB Home Grades Personalized ReviewsDiscussion Course Materials sessed 4-GDP and Price Indexes ded Assignment | Back to Assignment Due Wednesday 05.18.16 at 11.00 8. Suppose an economy produces two products: meat pies and MP3s. In 2011.20 meat pies are sold at $S each, and eight MP3s are sold at $50 each. In 2010, the base year, the price of meat pies was $10 each, and the price of MP3s was $75 each. Therefore A·the real 2011 GDP is S800, and the GDP deflator is 62.5 B. the real 2011 GDP is S800, and the GDP deflator is 160 C·the real 2011 GDP is S500, and the GDP deflator is 62s · D·the real 2011 GDP is S500, and the GDP deflator is 160 pyright Notices Terms of Use Privacy Notice Security Notice Accessibility

Explanation / Answer

The real GDP is =500(20*5+8*50)

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