I want to get 2nd pics answer i do not want to get any pics

I want to get 2nd pic\'s answer

i do not want to get any pics. I want to copy the answer.

Suppose that a very simple economy produces four goods: cookies, locksmith services, pickup trucks, and police services. Half of the cookies are purchased by households and half are purchased by businesses. Suppose the quantities produced and their corresponding prices for 2007 and 2013 are shown in the table below. The police services are not sold, so there is no price, but each police department costs $750,000 each to operate in each year. 2013 Quantity 340,000 $0.70 7,600 2007 Product 2007 Price 2013 Price Quantity Cookies 300,000 $0.50 Locksmiths 7,000 Pickups Police $65 $34,000 $60 50 $30,000 52 3 3

Solution

Real GDP in 2007 = Price in 2007 * Quantity in 2007 = 0.50 * 300,000 + 60 * 7000 + 50 * 30,000 + 3 * $750,000

= $ 4,320,000

real GDP in 2013 using 2007 as base year = price in 2007 * Quantity in 2013 =340,000 * .50 +7600 * 60 +52 * 30,000 + 3 * 750,000 = $ 4,436,000.