A friend who knows of your interest in economics comes up to you after reading the latest GDP data and excitedly exclaims, \"did you see that nominal GDP rose from $2? trillion to $30 trillion?' what should you tell your friend about this news? Suppose hamburgers cost $1.30 last year and $1.50 this year, and the overall price index [the GDP deator) rose from 110 last year to 120 this year. Howr much will 100i] hamburgers contribute to this year's real GDP? Leisure lime is not included in GDP, but what would happen if it was included? Would high-work countries like South Korea fare better in international comparisons of well- being, or worse? Discuss