Use the data in the table to answer the question.  2020 2021  Price Quantity Price QuantitySmartphones $500 75 $750 100Smart TVs $200 100 $380 150An economy's GDP consists only of smartphones and smart TVs. Based on the data in the table, what was the difference between the economy’s nominal GDP in 2020 and 2021?The difference in nominal GDP between these two years was $

what was the difference between the economy’s nominal GDP in 2020 and 2021?

There are only two goods produced in "Economicsland", food and clothing and 2020 is the base year. In 2020, 20 units of food are produced at a price of $10/unit and 5 units of clothing are produced at $30/unit. In 2021, 10 units of food are produced at a price of $15/unit and 10 units of clothing are produced at $30/unit. What is the nominal GDP in 2021?Multiple choice question.$350$1100$450$750

An economy has two goods: beer and pretzels. The following two tables list the prices and quantities for 2020 and 2021 along with nominal GDP, real GDP, and the GDP deflator.(Express your answer to two decimal points.)Year Good Price Quantity2020 Beer $4.00 2,000  Pretzels $3.00 ??2021 Beer $4.50 2,500  Pretzels ?? 6,000Year Nominal GDP Real GDP GDP Deflator (2020=1)2020 $23,000.00 $23,000.00 1002021 ?? $28,000.00 1.2059What is the price of pretzels in 2021?(Round your answer to two decimal points.)

Nominal GDP is:  A. GDP adjusted for inflation  B. GDP measured in current prices  C. GDP adjusted for population size  D. GDP measured in constant dollars

he GDP deflator = nominal GDP/______ x 100Multiple choice question.the unemployment ratepopulationreal GDPthe consumer price index