Answers or formulas for a, b, c & d.

Task 2 Consider the following data assuming that these are the only products produced and consumed in the economy: 2018 2019 2020 Product Quantity 2018 Price Quantity 2019 Price Quantity 2020 Price ('000 unit) ($) ('000 unit) ($) ('000 unit) ($) Apple Juice 100 $10 120 $9 130 $5 Cup holder 140 $11 110 $13 120 $6 Sweater 100 $12 125 $14 150 $7 Given 2018 as the base year answer the following questions: a. What was the nominal GDP in 2019 and 2020? b. What was the real GDP in 2019 and 2020? C. What was the growth rate of nominal GDP between 2018 and 2019? What was the growth rate of real GDP between 2019 and 2020? d. What growth rate of nominal GDP and Real GDP 2019 and 2020 indicates? Are they contradicting? If yes what factors that may contribute that factors