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11. (Module 1 l) The nation of Muffet produces only two goods, curds and whey. The table below shows the prices and outputs of these
11. (Module 1 l) The nation of Muffet produces only two goods, curds and whey. The table below shows the prices and outputs of these two products for three recent years. Year 1 is the base year. Quantity of Curds Price per unit Quantity of Whey Price per unit I . _ of Curds Produced of Who __ Population I.\" $1.00 $200 - - 2 75 . _.- - a. Compute nominal GDP and nominal GDP per capita in Year 1. b. Compute real GDP and real GDP per capita in Year 2. o. Is the average citizen in Muffet more prosperous in year 3 than they were in year 1? Show your work. (6 points)
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