QUESTION: Nominal and Real GDP (Please show work on how to get the solution fill in the blank for A, B, and C with the correct dollar amount and assume the base year is 2008. for Part A) for the nominal GDP in a dollar amount for 2008 and in 2012. Part B) fill in the blank in the dollar amount for real GDP for 2008 and 2012. Part C) what the real output from 2008 to 2012 if it's increased, decreased or stayed the same. Mobilia is a country that specializes in the production of vehicles. The table below provides data on the prices and quantities of the vehicles produced in 2008 and in 2012. Bicycles Cars Trucks Year Quantity Price Quantity Price Quantity Price 2008 1,000 $50 100 $10,000 400 $15,000 2012 1,500 $60 50 $12,500 500 $15,000 Assume the base year is 2008. a. In 2008, nominal GDP equals $ and in 2012 it equals $ b. In 2008, real GDP equals $. and in 2012 it equals $ c. Real output from 2008 to 2012 has Increased Decreased Stayed the same