The economy of Britannica produces three goods:

computers, DVDs, and pizza. The accompanying table shows the prices and output of the three goods for the years 2010, 2011, and 2012.

Computers DVDs Pizzas Year Price Quantity Price Quantity Price Quantity 2010 $900 10 $10 100 $15 2 2011 1,000 10.5 12 105 16 2 2012 1,050 12 14 110 17 3

a. What is the percent change in production of each of the goods from 2010 to 2011 and from 2011 to 2012?

b. What is the percent change in prices of each of the goods from 2010 to 2011 and from 2011 to 2012?

c. Calculate nominal GDP in Britannica for each of the three years. What is the percent change in nominal GDP from 2010 to 2011 and from 2011 to 2012?

d. Calculate real GDP in Britannica using 2010 prices for each of the three years. What is the percent change in real GDP from 2010 to 2011 and from 2011 to 2012?