citruscollege.instructure.com -Topic: Chapter 7 discussion question Homework Help - Q&A from Online Tutors - Course Hero Citrus College Home This is a graded discussion: 2 points possible due Mar 14 Announcement Chapter 7 discussion question At Module Suppose an economy produces only one good. In the base year, production was 8 units at a price of $10 each. The next year, production increased to 9 Account Assignments units and the price of the good increased to $12. Quizzes Dashboard a. Find nominal GDP in years 1 and 2. Grades 9 Courses Syllabus b. If the price index is 100 in the base year, what is the value of the price index in year 2? Hayden Memorial C. Find real GDP in year 2 Calenda Library Suppose a hypothetical national economy can be represented by the following data: Student Services Inbox Emergency Nominal Price Index Real Year Preparedness GDP O 2000 = 100) GDP History Student Name Recordings 2009 $1536 128 2010 $1663 132 2011 135 $1274 Follett 2012 $1792 140 Discover a. Find real GDP in years 2009, 2010, and 2012. Wellness Central b. Find nominal GDP in year 2011 c. Discuss what may cause the change in GDP from year to year use your textbook chapter 7. Discuss in detail and use examples to support your argument Part C--200 word required reply and a reply to at least one classmate for full credit * 00 1 1 W delete Y O return Z S command command option