blems (40 points). Answer all of the questions below. baskeohnti) Suppose you are told that Finlandia produces three goods: tenis shoes, basketballs, and lawn mow and output ers. The following table provides information about the prices or these three goods for the years 2007 and 2008. QuantityPrice of Quantity lawn of lawn basketballs mowers mowers Year Price of Quantity Price of of tennisbasketballs of tennis shoes $50 $52 shoes 100 108 $100 10 $10012 2007 200 2008 $10 $10 a) calculate nominal GDP 2007 and 2008 b) Usin g 2007 as the base year, calculate real GDP for 2007 and 2008 c) calculate the value of the GDP deflator for 2007 and 2008 d) using the GDP deflator, calculate the inflation rate for 2007 to 2008