A country produces only one good. It produced 5,000 units of the good during Year 1 and units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it w $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP. 4) Refer to the scenario above. The real |GDP of the country in Year 1 was A) $1,400,000 B) $280,000 C) $540,000 D) $2,200,000 5) Refer to the scenario above. The nominal GDP of the country in Year 1 was A) $540,000 B) $280,000 C) $1,400,000 D) $2,200,000 6) Refer to the scenario above. The real GDP of the country in Year 2 was A) $1,680,000 B) $240,000 C) $32,000,000 D) $1,420,000