題組內容

1. Consider an economy produced 10000 bananas and 5000 apples in year 1. The price of banana is $5 and the price of apple is $10. In year 2, the production of bananas increased by 10% and apples decreased by 10%. The price of the banana is $6 and the price of apple is $8.

A) Calculate the nominal GDP in year 1 and 2. (4%)