An economy produces two goods: hot dogs and burgers. In 2014, 15 hot dogs are produced at a price of $2 each, and 20 burgers at a price of $7 each. In 2015, 20 hot dogs are produced at a price of $4 each, and 30 burgers at a price of $8 each. Find the following: Nominal GDP of 2014: Nominal GDP of 2015: Real GDP of 2014 using 2014 as base year: Real GDP of 2015 using 2014 as base year: The GDP Deflator = (Nominal GDP/Real GDP) * 100

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