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QUESTION
7.value:1.00 pointsYou did not receive credit for this question in a previous attemptThe annual output and prices of a 3-good...
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The annual output and prices of a 3-good economy are shown in the table below.
GoodPriceYear 1
Quantity ofGoods Year 1
PriceYear 2
Quantity ofGoods Year 2
Quarts of Ice Cream
$5
4
$5
6
Bottles of Shampoo
$3
2
$3
3
Jars of Peanut Butter
$2
4
$2
3
What was GDP in year 1? $
What was GDP in year 2? $
