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20-05-2023
Business

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Suppose a nation produces only 2 goods: pizza and soda. In 2021 20 pizzas are sold at $10 each and 10 sodas are sold for $1 each. In 2018, the base year, 10 pizzas were sold at $8 each and 10 sodas were sold at $1 each. Therefore, nominal GDP in 2021 is _ and real GDP in 2021 is__.

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