2.Consider an economy that produces only two goods: hot dogs and hamburgers. The following table shows the prices and quantities produced of the two goods in year 1, year 2 and year 3. Y Price Quantit Price of Quantity e of of Hot y of Hot Hambu a Dogs Dogs Hamburg rgers I ers 1 $2 150 $3 100 $3 200 $4 150 3 $4 250 $5 200 Please answer the following questions: a. Compute the nominal GDP for each year. b. Year 1 is the base year. To compute the real GDP for each year. c. Compute the GDP deflator for each year. d. Compute the inflation rate as measured by GDP deflator from year 2 to year 3