The annual output and prices of a 3-good economy are shown in the table below.
| Good |
Price
Year 1 |
Quantity of
Goods Year 1 |
Price
Year 2 |
Quantity of
Goods Year 2 |
|
Quarts of Ice Cream
|
$5
|
4
|
$5
|
6
|
|
Bottles of Shampoo
|
$3
|
2
|
$3
|
3
|
|
Jars of Peanut Butter
|
$2
|
4
|
$2
|
3
|
What was GDP in year 1? $
What was GDP in year 2? $