Question: 2. [35 points} In year 1 and 2: two products are produced in an economy: bread and computer. The quantities and price for each good

 2. [35 points} In year 1 and 2: two products are

2. [35 points} In year 1 and 2: two products are produced in an economy: bread and computer. The quantities and price for each good in each year are listed in the table below. [a] Calculate the nominal GDP in each year. {b} Calculate the growth rate of real CDP from year 1 to year 2 using the chainweighting method. (c) Calculate the ination rate between year 1 and year 2 based on the implicit CDP price deator using chain-weighted method (hint: your answer does not depend on whether you choose year 1 or year 2 as the base year. It would be a good exercise to show this for yourself}

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