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Table 12-22 -Refer to Table 12-22

Question 202

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Table 12-22
200920122013 Product  Quantity  Price  Quantity  Price  Quantity  Price MP3s40$250.0045$200.0050$150.00 Tacos 2,0002.002,2002.252,3002.40 Coats 30050.0031052.0035055.00\begin{array} {c} \quad \quad \quad2009 \quad \quad \quad \quad \quad \quad2012 \quad \quad \quad\quad \quad \quad \quad 2013\\\begin{array} { | l | r | r | r | r | r | r | } \hline \text { Product } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \mathrm { MP3s } & 40 & \$ 250.00 & 45 & \$ 200.00 & 50 & \$ 150.00 \\\hline \text { Tacos } & 2,000 & 2.00 & 2,200 & 2.25 & 2,300 & 2.40 \\\hline \text { Coats } & 300 & 50.00 & 310 & 52.00 & 350 & 55.00 \\\hline\end{array}\end{array}
-Refer to Table 12-22.Consider the data above for a simple economy: Using 2009 as the base year,calculate nominal GDP,real GDP,and the GDP deflator for 2013.Show your work.

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Nominal GDP for 2013 equals (5...

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