1. Nominal and Real GDP. In this exercise, you calculate nominal and real GDP for a simple economy. You then calculate real GDP growth using two base years and discuss the differences. Suppose than an economy consists of only two types of products: computers and automobiles. Sales and price data for these two products for two different years are as shown below: Year No. of Computers Price Per Computer No. of Automobiles Price Per Sold Sold Automobile 1990 500,000 $6000 1,000,000 $12,000 2000 5,000,000 $2000 1,500,000 $20,000 a. Nominal GDP in any year is calculated by multiplying the quantity of each final product sold by its price and summing over all final goods and services. Assuming that all computers and automobiles are final goods, calculate nominal GDP in 1990 and in 2000. b. Real GDP in any year is calculated by multiplying that year's quantities of goods and services by their prices in some base year. Calculate real GDP in 1990 and 2000, using 1990 as the base year. c. Calculate the percentage change in real GDP between 1990 and 2000 using 1990 as the base year. d. Calculate real GDP in 1990 and 2000, using 2000 as the base year. e. Calculate the percentage change in real GDP between 1990 and 2000 using 2000 as the base year. f. Explain why your answers to parts c and e are different. Do you feel there is one that more accurately measures the true growth in GDP? Which one, and why