Refer to the table below for a very simple economy producing three goods: movies, burgers and bikes. Steel bike frames a

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Refer to the table below for a very simple economy producing
three goods: movies, burgers and bikes. Steel bike frames are used
for bike production and meat patties are used for making
burgers.
2015
2020
Product
Quantity
Price
Quantity
Price
Steel frames
10
$5000
20
$7500
Movies
30
$10
50
$15
Bikes
10
$10000
20
$15000
Meat patties
200
$1.50
300
$2.00
Burgers
200
$2.00
300
$3.00
What is the nominal GDP in 2020? What was the nominal GDP in
2015? What is the real GDP in 2020 using 2015 prices as base year
prices? What is the real GDP growth rate between 2020 and 2015?