The following table shows some data for an economy that produces only two goods: milk and honey. YearMilkHoneyPriceQuantityPriceQuantity(Dollars)(Quarts)(Dollars)(Quarts)2020 8 144 6 1212021 7 133 7 1412022 12 169 19 160What is the real GDP in 2022, using 2020 as the base year.

There are only two goods produced in "Economicsland", food and clothing and 2020 is the base year. In 2020, 20 units of food are produced at a price of $10/unit and 15 units of clothing are produced at $25/unit. In 2021, 25 units of food are produced at a price of $15/unit and 20 units of clothing are produced at $30/unit. What is the real GDP in the second year (2021)?Multiple choice question.$800$750$975$575

An economy has two goods: beer and pretzels. The following two tables list the prices and quantities for 2020 and 2021 along with nominal GDP, real GDP, and the GDP deflator.(Express your answer to two decimal points.)Year Good Price Quantity2020 Beer $4.00 2,000  Pretzels $3.00 ??2021 Beer $4.50 2,500  Pretzels ?? 6,000Year Nominal GDP Real GDP GDP Deflator (2020=1)2020 $23,000.00 $23,000.00 1002021 ?? $28,000.00 1.2059What is the price of pretzels in 2021?(Round your answer to two decimal points.)

Suppose in a given year, a country produces only two goods: 100 units of bread and 50 units of cheese. Bread sells for $2 per unit and cheese sells for $5 per unit. What is the country's GDP for the year?

1.       The following data is given for a Country which only produces two goods (A and B) for the base year (Ym) and the current year (Yn). YmYnGoodPriceQuantityPriceQuantityAPAmQAmPAnQAnBPBmQBmPBnQBnWhat is the expression for GDP deflator for the current year?

2020 2021  Price Quantity Price QuantitySmartphones $500 75 $750 100Smart TVs $200 100 $380 150An economy's GDP consists only of smartphones and smart TVs. Based on the data in the table, what was the difference between the economy’s nominal GDP in 2020 and 2021?The difference in nominal GDP between these two years was $