What was nominal gdp in 2002 for this economy

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Use the following data round your answers to the nearest tenth. Assume the economy of Slugian produces two products, lectures and coffee. Output and prices of these two goods for 2002 and 2003 are given in the table:

What was nominal GDP in 2002 for this economy? What was it in 2003? What was the percentage rate of change in nominal GDP between 2002 and 2003?

Reference no: EM131142140

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