The nation of Krakoa produces comic books, action figures, and t-shirts. The following table provides prices and quantities of the three goods in the years 2010, 2014, and 2018.
Assuming 2010 is the base year, find nominal GDP and real GDP for all three 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 2010?
What is the value of Nominal GDP for this nation in 2014?
What is the value of Nominal GDP for this nation in 2018?
What is the value of Real GDP for this nation in 2010?
What is the value of Real GDP for this nation in 2014?
What is the value of Real GDP for this nation in 2018?
comic books action figures t shirts
year quantity price quantity price quantity price
2010 300 $3 110 $10 50 $20
2014 250 $4 200 $12 60 $25
2018 400 $5 250 $15 65 $30
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