Question: Based on the information in Table 2: Table 2 Year 3 Year 4 Nominal GDP $5,500 $6,800 a. What is real GDP for Year

Based on the information in Table 2: Table 2 Year 3 Year 4 Nominal GDP $5,500 $6,800 a. What is real GDP for

Based on the information in Table 2: Table 2 Year 3 Year 4 Nominal GDP $5,500 $6,800 a. What is real GDP for Year 3? (2 pts.) b. What is real GDP for Year 4? (2 pts.) Price Index 125 150 c. What is the rate of real GDP growth between Years 3 and 4? (2 pts.)

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