9. Consider an economy that produces and consumes bread and automobiles. In the following table are data for two different years. Year 2000 2013 Price of Automobile Birr 60,000 Birr 160,000 Price of Loaf of bread Birr 10 Birr 20 No_of Automobile produced 200 300 No of loaves of bread produced 500,000 400,000 a. Using the year 2000 as the base year, compute the following statistics for each year: nominal GDP, real GDP, the implicit price deflator for GDP, and a fixed-weight price index such as the CPI. b. How much have prices risen between year 2000 and year 2010? Compare the answers given by the Laspeyres(CPI) and Paasche(GDP deflator) price indices. Explain the difference. c. Suppose you are an official to writing a bill to index Social Security and federal pensions. That is, your bill will adjust these benefits to offset changes in the cost of living. Will you use the GDP deflator or the CPI? Why