Consider an economy that produces and consumes bread and cars. Year 2010 Year 2017 Price of a car $ 50,000 $ 60,000 Price of a loaf of bread $ 10 $20 Number of cars produced 100 120 Number of loaves of bread produced 500,000 400,000 1. Using the year 2010 as the base year, compute the following statistics for each year: nominal GDP real GDP, the implicit price deflator for GDP, and a fixed-weight price index such as CPI(Consumer Price Index). 2. How much have prices risen between year 2010 and year 2017