I need help!

Problem 1. Consider an economy that produces only chocolate bars.

In year 1, the quantity produced is 3 bars and the price is $10.

In year 2, the quantity produced is 4 bars and the price is $12.

In year 3, the quantity produced is 5 bars and the price is $14.

Year 1 is the base year.

Calculate Nominal GDP, Real GDP and GDP deflator for all three years.

Problem 2. Below are some data from the land of milk and honey.

Year	Price of Milk	Quantity of Milk	Price of Honey	Quantity of Honey
2010	$1	100 quarts	$2	50 quarts
2011	$1.5	300	$2	100
2012	$2	500	$4	100

a. Compute nominal GDP, real GDP, and the GDP deflator for each year, using 2010 as the base year.

b. Calculate the percentage change in the real GDP between yea 2011 and 2012.