Goods 2001 2002 2003 Qty Price Qty Price Qty Price Pizzas 20 $ 10.00 30 $ 11.00 40 $ 12.00 Rent 1 $600.00 2 $640.00 2 $700.00 Car 1 $100.00 4 $120.00 5 $150.00 Phone 1 $ 50.00 0.5 $ 40.00 0.25 $ 30.00 a. Calculate the Nominal GDP in 2001, 2002 and 2003, respectively. 2001-20*10+1*600+1*100+1*50=$950 2002-30*11+2*640+4*120+.5*40-$2110 2003-40*12+2*700+5*150+.25*30-$2637.50 b. Assume 2001 is the base year. What is the CPI in 2002? I Assume 2001 is the base year. What is the CPI in 2003? (2) (2)