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 $4.00 3 $4.00 5
Bottles of shampoo 3.00 1 3.00 2
Peanut Butter 2.00 3 2.00 2
a. What was the economy's GDP in year 1?
b. What was its GDP in year 2?
