In 2022-2023, there were five outputs (goods and service) in one country. The table below shows you the quantity and price of each output. Using the information given, finish the questions as following. To get full credit, you need to show step-by-step solutions. Goods (services) produced Refrigerators Smartphones Pick-up trucks Higher education Video Sharing Year 2022 Quantity 5 12 4 2 40 I Price $1,600 $950 $45,000 $20,000 $125 Year 2023 Quantity 6 15 4 2 50 Price $1,850 $1,000 $48,000 $24,000 $150 (1) What are major approaches economists use to calculate Gross Domestic Product (GDP)? With the information given above, which approach you can use to calculate GDP in this country? Please shortly explain how this approach works in practice? (No more than 200 words) (2) What is the nominal GDP in 2022 and in 2023? Remember to show your work in detail here. (3) Use 2022 as the base year, how much is real GDP in 2022 and 2023. (4) What values of GDP deflator are in 2022 and 2023? Note: keep two digits after the decimal. (This question is only for those whose A-State ID with the last digit as: 0, 2, 4, 6, 8) (5) What are nominal and real GDP growth rate from 2022 to 2023 in this country? Note: keep the growth rates as percentage with two digits after the decimal, for example 5.25%. (This question is only for those whose A-State ID with the last digit as: 1, 3, 5, 7, 9)