20 p Exercise Table 1: Goods and services produced in Micronia Year Price of Corn Quantity of Price of candy Quantity of candy candy 1 10 $0.50 10 $1.00 2 12 $1.00 15 $2.00 15 3 $1.50 20 $3.00 a) Calculate the nominal GDP in year 1,2 and 3. b) Calculate the real GDP in year 1,2 and 3 using year 1 as base year. alculate the GDP deflator. Which is the inflation rate from year 2 to 1 and Tom year 3 to 2