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2) A country produces only beer and poutine in the quantities and prices listed below. Use 2011 as the base year. See Year Price of

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2) A country produces only beer and poutine in the quantities and prices listed below. Use 2011 as the base year. See Year Price of Beer Quantity of Beer Price of Poutine Quantity of Poutine slide notes cugo ? 2011 $2.00 200 $10 40 2012 $2.30 250 $14 50 2013 $2.75 280 $18 80 A. Calculate real and nominal GDP for the year 2012. B. Calculate the GDP deflator for 2012 and 2013. C. Calculate the rate of inflation for 2012

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