use the following data. It will be repeated for your convenience each time. The following is production data: Year Waffles Waffles Orange Juice Orange Juice Toaster Ovens Toaster Ovens (Quantity) (Price) (Quantity) (Price) (Quantity) (Price) 2010 2000 $1.20 40 $3 280 $22 2011 2200 $1.30 41 $4 300 $25 2012 2500 $1.40 42 $5 300 $28 The above, is production data. Consumption data is as follows: the average citizen consumes 150 waffles, 4 units of orange juice and 10 toaster ovens. 2010 is the base year for all calculations. 1. Carefully following all directions for entering your answer, tell me nominal GDP for 2012 for this economy. 2. Carefully following all directions for entering your answer, and using the methodology in our lectures, tell me the 2010 CPI for this economy. 3. Carefully following all directions for entering your answer, tell me the cost (price) of the market basket for 2012. 4. Carefully following all directions for entering your answer, tell me the cost (price) of the market basket in the base year