Consider the following data that gives the quantity produced…
Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next question. Assume that goods A, B and C are the economy’s entire output and that the base year is 2017. Good 2017 Price 2017 Quantity 2024 Price 2024 Quantity A $1.2 80 $1.4 100 B $0.5 100 $0.6 120 C $1 4 $2 6 What was the nominal gross domestic product (GDP) of 2024?