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Complete the following table and calculate both the Laspeyres index and Paasche index for this economy. You must include all working. Variables 2017

Complete the following table and calculate both the Laspeyres index and Paasche index for this economy. You must include all working. Variables 2017 2018 % Change Quantity of Commodity A 50 100 ? Quantity of Commodity B 10 25 ? Price of Commodity A 1.00 1.25 ? Price of Commodity B 5.00 10.00 ? Nominal GDP ? ? ? Real GDP in 2017 prices ? ? ? Real GDP in 2018 prices ? ? ? Real GDP in chained prices ? ? ? 

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