Part 2: Numerical Questions. Label the question numbers clearly. Please show your calculation. Round answer to one decimal place, adding a negative sign if needed. No point will be awarded to answers without proper calculation. Consider the following data for a hypothetical economy that produces three goods, burgers, t- shirts and computers. (5 points) Year 1 Year 2 Goods/Services Quantity Price Quantity Price Burgers 10,000 $4.50 each 11,000 $5.00 each T-shirts 500 $20.00 each 600 $25.00 each Computers 50 $700.00 each 55 $650.00 each 1) Compute nominal GDP for each year. 2) Using year 1 as the base year, compute real GDP in year 2. 3) Using year 1 as the base year, compute the GDP deflator for year 2. 4) Using year 1 as the base year, calculate the inflation rate between year 1 and year 2