12:07 PM Thu Jan 27 . . . 76%. Q W inst-fs-iad-prod.inscloudgate.net + X Daniels Chore Chart x mail-attachment.googleuserconte... MATH-1105 inst-fs-iad-prod.inscloudgate.... . T . 1) In 2010, final sales of goods and services = C + I (everything but inventories) + G + NX = $300 billion. Assume that beginning inventory is $200 billion. In 2010, the increase in inventories = $50 billion In 2010, the decrease in inventories = $100 billion a) What is Ending Inventory for 2010? b) What is 2010 GDP? 2) Use the information in the table to calculate nominal GDP in 2005 and real GDP in 2006; Year Nominal GDP Real GDP GDP deflator Billions of dollars Billions of 2000 dollars* 2005 55 120 2006 180 125 *This means the base year is the year 2000 5 of 6 3) The simple economy below only produces 4 goods - textbooks, hamburgers, shirts and cotton. All the cotton is used in the production of shirts. 2000