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The table displays price and quantity information for two vehicle models produced by ford motor company, the f-series trucks and escape suvs.

Sagot :

adioabiola

The nominal and real GDP of Escape SUVs and F -series truck are 15,116,539,385, 79,308,794,800, 7,518,584,465 and 76,259,797,200

How to calculate real and nominal GDP

Nomital GDP:

Escape SUVs = price x quantity of each year

= ($24,485 × 307,069) + ($24,645 × 308,296)

= 7,518,584,465 + 7,597,954,920

= 15,116,539,385

F -series truck = price x quantity of each year

= ($44,400 × 820,799) + ($47,800 × 896,764)

= 36,443,475,600 + 42,865,319,200

= 79,308,794,800

Real GDP: using 2016 as the base year.

  • multiply price of base year by quantity of current year

Escape SUVs 2016 = ($24,485 × 307,069) + ($24,485 × 308,296)

= 7,518,584,465

F -series truck 2017 = ($44,400 × 820,799) + ($44,400 × 896,764)

= 36,443,475,600 + 39,816,321,600

= 76,259,797,200

Learn more about real and nominal GDP:

https://brainly.com/question/834792

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