A simple economy produces two? goods, Apple Pies and Technical Manuals Price and quantity data are as? follows:
Production and Prices in Year 1? (Base year)
Product Quantity Price Per Unit
Apple pies 120 $2.50
Technical Manuals 700 $50.00
Production and Prices in Year 2
Product Quantity Price Per Unit
Apple pies 150.00 $3.75
Technical Manuals 1,050.00 $100.00
In Year? 2, nominal GDP is equal? to: ?$ ?
and real GDP is ?$ ?
(enter both responses rounded to the nearest penny?).