Question

2018 Price 2018 Quantity 2019 Price 2019 Quantity Laptops $500 4 $600 2 Printers $100 3...

2018 Price 2018 Quantity 2019 Price 2019 Quantity
Laptops $500 4 $600 2
Printers $100 3 $120 2

The table above shows a country's output level for two goods in 2018 and 2019, as well as the market price of those goods in each year. Assume that this country only produces laptops and printers, and that both are final goods. Note that this information is used for questions 4-9.

What is the country's nominal GDP in 2018?

What is the country's nominal GDP in 2019?

What is the country's real GDP in 2018, using 2018 as the base year?

What is the country's real GDP in 2019, using 2018 as the base year?

What is the country's GDP deflator in 2018, using 2018 as the base year?

What is the country's GDP deflator in 2019, using 2018 as the base year?

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