Use the following information to answer the next several? questions:
Scenario 1?: Imagine that an economy produces two? goods, flashlights and fishing lures. In? 2015, the economy produced 70 flashlights and 40 fishing? lures, and the prices of flashlights and fishing lures were? $5 and? $12, respectively. In? 2016, the economy produced 85 flashlights and 50 fishing? lures, and the prices of flashlights and fishing lures were? $7 and? $15, respectively.
Based on the information in Scenario? 1, real GDP in 2016? (in 2015? dollars) in this economy was.