1. Assume that an economy produces three goods, mugs, jugs, and hugs. Hugs (of the Hershey variety) are their food source. Mugs and jugs are used for carrying water; they are good substitutes for each other. The quantities and prices for each of the goods in years one and two are given by the following table: YEAR 1 YEAR 2 good Quantity price good quantity price _ hugs 100 $2 hugs 200 $3 rnugs 200 $3 mugs 150 $9 jugs 200 $4 jugs 400 $3 a. What is nominal GDP in year 1? b. What is real GDP in year 1? c. What is nominal GDP in year 2? d. What is real GDP in year 2? (Use year 1 as the base year.) e. What is the percentage increase in nominal GDP? Real GDP? f. What is the GDP price deflator