Answer to Question #188577 in Macroeconomics for Usama

Question

In 2019, 200 KGs of oranges are produced at Rs.40/kg, 500 KGs of apples are produced at 120/kg, and 200 Glasses of orange juice are produced at Rs.150/glass.

In 2020, 220 KGs of oranges are produced at Rs.50/kg, 450 KGs of apples are produced at 140/kg, and 230 glasses of orange juice are produced at Rs.135/glass.

Assuming 2019 is the base year; calculate the nominal GDP in 2019

Answer 1

$$200\times40+500\times120+200\times150=98000$$

$$220\times50+450\times140+230\times135=105050$$