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10. Suppose that people consume only three goods: Tennis Balls, Golf Balls, and Bottles of Gato on the information in the Table below, please solve

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10. Suppose that people consume only three goods: Tennis Balls, Golf Balls, and Bottles of Gato on the information in the Table below, please solve questions (10-1) to (10-7). Please note that b a positive parameters. Year Tennis Balls Golf Balls Bottles of Gatorade Quantity Price Quantity Price Quantity Price 2015 2016 2017 2018 2019 5c 2020 (10-1) What is the nominal GDP of 2019? (10-2) Using 2015 as the base year, what is the real GDP of 2019? (10-3) Using 2015 as the base year, what is the GDP deflator of 2019? (10-4) What is the nominal GDP of 2020? (10-5) Using 2015 as the base year, what is the real GDP of 2020? (10-6) Using 2015 as the base year, what is the GDP deflator of 2020? (10-7) What is the GDP-deflator inflation rate of 2020

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