iscuss the three ways in which the gross domestic product (GDP) can be measured? Why does eachof them end up with approximately the same value?(3+2 marks)Consider the following data assuming that these are the only products produced and consumed in theeconomy:Product2018 Quantity2018 Price ($)2019 Quantity2019 Price ($)Beer1425Chocolate3768Using 2018 as the base year answer the following questions:a.What was the nominal GDP in 2018 and 2019?(1 mark)b.What was the real GDP in 2018 and 2019?(1 mark)c.What was the GDP deflator in 2018 and 2019?(1 mark)