Table 12-22 -Refer to Table 12-22

question 96

Essay

Table 12-22
$$\begin{array} {c} \quad \quad \quad2009 \quad \quad \quad \quad \quad \quad2012 \quad \quad \quad\quad \quad \quad \quad 2013\\\begin{array} { | l | r | r | r | r | r | r | } \hline \text { Product } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \mathrm { MP3s } & 40 & \$ 250.00 & 45 & \$ 200.00 & 50 & \$ 150.00 \\\hline \text { Tacos } & 2,000 & 2.00 & 2,200 & 2.25 & 2,300 & 2.40 \\\hline \text { Coats } & 300 & 50.00 & 310 & 52.00 & 350 & 55.00 \\\hline\end{array}\end{array}$$
-Refer to Table 12-22.Consider the data above for a simple economy: Using 2009 as the base year,calculate nominal GDP,real GDP,and the GDP deflator for 2013.Show your work.