1. GDP Computations 2. Percentage Changes STEP: 1 of 2 The following table shows some data for an economy that produces only two goods: milk and honey. Year Milk Honey Price Quantity Price Quantity (Dollars) (Quarts) (Dollars) (Quarts) 1 200 2 100 1 400 2 200 2020 2021 2022 2 400 4 200 Using 2020 as the base year, compute nominal GDP, real GDP, and the GDP deflator for each year. Nominal GDP (Dollars) Real GDP (Dollars) GDP Deflator Year 2020 2021 2022