(Scenario: Good a and Good B) A) Equal to Real; 2018

Multiple Choice

(Scenario: Good A and Good B) . The town of York produces two goods, good A and good B. The following is information regarding York's production of these two goods and their prices over three years. With 2017 as the base year, real GDP in 2017 was _____ GDP in _____. $$\begin{array} { | l | l | l | l | } \hline & \text { Year 2017 } & \text { Year 2018 } & \text { Year 2019 } \\\hline \text { Quantity of good A } & 3 & 4 & 5 \\\hline \text { Price of good A } & \$ 500 & \$ 550 & \$ 550 \\\hline \text { Quantity of good B } & 10 & 10 & 10 \\\hline \text { Price of good B } & \$ 2 & \$ 4 & \$ 5 \\\hline\end{array}$$

A) equal to real; 2018.
B) equal to real; 2018
C) equal to nominal; 2017.
D) equal to nominal; 2017
E) greater than real; 2018.
F) greater than real; 2018
G) greater than nominal; 2019.
H) greater than nominal; 2019