Table 1 contains price and quantity information for two products produced by Apple, the iPhone and Apple Watch for 2016 and 2017. Let’s assume that they were produced in the United States. Table 1: Apple Products 2016 2017 Price Quantity Price Quantity iPhone $1,200 300 $1,250 400 Apple Watch $500 800 $650 850 ˆ Calculate the amount contributed by Apple to nominal U.S. GDP from the sales of the two products in 2016 and 2017. ˆ Calculate the amount contributed

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