For the following question(s), suppose an economy produces only pens and pencils, and that the quantity and price data is given by this table:
| Pens | Pencils |
Year 1 quantity | 15 | 10 |
Year 1 price | $12 | $12 |
Year 2 quantity | 17 | 12 |
Year 2 price | $14 | $15 |
What is the real GDP in year 1 using base year 2?
◦ $338.
◦ $360.
◦ $300.
◦ $294.
◦ $418.