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Problem 7: Table: Remember to show all work and briefly discuss your results. Switzerland produces only chocolates and watches. Below is a table with recent informa Switzerland production and prices. The base year is 2009. Prices and Quantities Year Price of A Box of Boxes of Chocolates Chocolates Price of Watches Quantity o Watches 2008 $4 100 2009 $50 10 $5 90 $50 15 2010 $5 100 $60 15 2011 $6 80 $65 12 a. What was nominal GDP, real GDP, and the GDP deflator for 2008? b. What was nominal GDP, real GDP, and the GDP deflator for 2009? Show your work. c. What was nominal GDP, real GDP, and the GDP deflator for 2010? Show your work. d. What was nominal GDP, real GDP, and the GDP deflator for 2011? Show your work. e. What was the inflation rate for 2010? For 2011? Show and briefly discuss your wo