The nation of Potchatoonie produces hockey pucks, cases of root beer, and back rubs. Here are the data on prices and quantities of the three goods in the years 2000 and 2007.
Pucks Root Beer Back Rubs
Year Quantity Price Quantity Price Quantity Price
2000 100 $5 300 $20 100 $20
2007 125 $7 250 $20 110 $25
Assume 2000 is the base year. Find nominal GDP and real GDP for each year.