Homework 2 1. Real - Vs. - Nominal GDP The economy of country X produces 3 goods: C, D, and P. Table below shows the prices and output ofthe 3 goods for the years 2015, 2016, and 2017'. ' Product C I Product D ' Product P a. 1What is the percentage change in production of good ['3 from 2015 to 2016 and from 2016 to 201?? b. Calculate nominal GDP in country X for each of the 3 years. What is the percentage change in nominal GDP from 2015 to 2016 and 2016 to 2017? c. Calculate real GDP in country K using 2015 prices for each of the 3 years. What is the percentage change in real GDP from 2015 to 2016 and 2016 to 201