An economy has been producing two goods, Apps and Banking for a couple of years, 2021 and 2022. The prices and quantities of the goods are in the table below \table[[, Y2021, P2021, Y2022, P2022], [Apps, 26, 13, 24, 15], [Banking ,62, 7, 61, 7]] Let's adopt 2021 as the base year. In it, the economy's GDP was $772. Find the 2022 's nominal GDP
An economy has been producing two goods, Apps and Banking for a couple of years, 2021 and 2022. The prices and quantities of the goods are in the table below \table[[, Y2021, P2021, Y2022, P2022], [Apps, 26, 13, 24, 15], [Banking ,62, 7, 61, 7]] Let's adopt 2021 as the base year. In it, the economy's GDP was $772. Find the 2022 's nominal GDP
Chapter1: Making Economics Decisions
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![An economy has been producing two goods, Apps and Banking for a couple of years, 2021 and 2022. The prices and
quantities of the goods are in the table below \table[[, Y2021, P2021, Y2022, P2022], [Apps, 26, 13, 24, 15], [Banking
,62, 7, 61, 7]] Let's adopt 2021 as the base year. In it, the economy's GDP was $772. Find the 2022 's nominal GDP](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F89c23bd3-5e4a-471b-b9fc-0bf8371b37bd%2F5f2f175d-f1f2-4c0b-97ca-b087c99786ca%2Fnw8ws7j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An economy has been producing two goods, Apps and Banking for a couple of years, 2021 and 2022. The prices and
quantities of the goods are in the table below \table[[, Y2021, P2021, Y2022, P2022], [Apps, 26, 13, 24, 15], [Banking
,62, 7, 61, 7]] Let's adopt 2021 as the base year. In it, the economy's GDP was $772. Find the 2022 's nominal GDP
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