a. [m W l 6 C' courses.kpu.ca Apps > YouTube ' G ail e Om - Red Velvet WEE... '3 Reading List El 1 Eli Economics 1250 Final Term ProjectFall.pdf 100% + 3. For each of the following statements, (1) identify the market that you are graphing (or the good you are drawing the market for), (2) show the changes on your graph, (3) identify the factor causing the change, (4) state what happens to the price and quantity (increase or decrease). Please use the format provided as an example in the question. a. The weather is hot, people usually pay more for ice cream. Market: Factor: Equilibrium Price: Equilibrium Quantity: __p There is a study released about the dangers of driving SUV's due to their current accident and role-over rate. Market: Factor: Equilibrium Price: Equilibrium Quantity: univers X Dashb X SFU How to X course X The W X WP Grades X KPU Course X SFu How to X Tomori X (49) S X Rosale X Econo X Course X C courses.kpu.ca/pluginfile.php/234727525/mod_resource/content/1/Economics%201250%20Final%20Term%20Project-Fall.pdf Update Apps YouTube M Gmail 5 0m Red Velvet (215)... Reading List Economics 1250 Final Term Project-Fall.pdf 3 / 8 80% + 4. The table below gives data for a small economy in which there are two final goods included in GDP: good X and good Y. Given the following data, answer the following questions. Show all your work, clearly indicating the operations you are conducting. Production Prices Good 201 2016 2015 2016 30 20 $50 $40 Y 20 30 $100 $110 a. Calculate nominal GDP for each of the Nominal GDP 2015: Nominal GDP 2016: . Calculate real GDP for each for each of these years. Use 2015 as the base year. Real GDP 2015: Real GDP 2016: c. Calculate the percentage change in real GDP from 2015 to 2016. Percentage Change:_ d Consider again the above table. Using 2015 as the base year, calculate a consumer price index for each of the two years. CPI 2015: CPI 2016