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Help please (19 points) Consider an economy that produces and consumes bread and automobiles. In the following table are data for two different years. Year

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(19 points) Consider an economy that produces and consumes bread and automobiles. In the following table are data for two different years. Year 2000 Year 2010 Good Quantity Price Quantity Price Automobiles 100 $ 50 120 $ 60 Bread 500 $ 10 400 $ 20 Using the year 2000 as the base year, compute the following statistics for each year: 1) (7 points) Nominal GDP, real GDP, the GDP deflator 2) (7 points) The CPI. 3) (5 points) How much have prices risen between 2000 and 2010? Compare the answers given by the Laspeyres and Paasche price indexes. Explain the difference

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