Item Year 1 Apples Bicycles Apps 20,000 @ $0.25 each 700 @ $800 each 10,000 @ $1.00 each Year 2 30,000 @ $0.30 each 650 @ $850 each 12,000 @ $2.00 each a. Compute nominal GDP in each year. Year 1: $ 575,000 Year 2 b. By what percentage did nominal GDP change between Year 1 and Year 2? Percentage change = [(new value - original value)/original value]*100 Instructions: Round your response to one decimal place. Nominal GDP increased by C. Now compute real GDP in Year 2 by using the prices of Year 1. Real GDP: d. By what percentage did real GDP increase between Year 1 and Year 2? Percentage change = [(new value - original value)/original value]*100 Instructions: Round your response to one decimal place. Real GDP decreased by CJ