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(10 POINTS) 1) YEAR PRICE INDEX NOMINAL GDP REAL GDP 2000 75 400 2010 100 600 2020 150 900 a) Using the information provided in

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(10 POINTS) 1) YEAR PRICE INDEX NOMINAL GDP REAL GDP 2000 75 400 2010 100 600 2020 150 900 a) Using the information provided in the above table and assuming that 2020 is the base year, calculate real gross domestic product for the years 2000, 2010 and 2020 (be sure to show your work for credit). b) Has real GDP increased or decreased over the period 2000 to 2020

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