LULL s4 Learning Activity 7 is due G) Tomorrow, 11:59 PM """ Course event E The following table shows the produc ion of an economy.r for two goods (X and Y) and their respective prices from 20152018. Suppose he base year is 2015. Year Production of X Price per Unit of X Production of Y Price per Unit of Y 2015 20 $5 30 $1 0 2016 21 $10 32 $12 2017 22 $15 30 $15 2018 23 $20 33 $20 What is nominal GDP or 2015, 2016, 201? ard 2018? a b What is real GDP for 2015, 2016, 2017 and 2018? c Using the above table, calculate GDP Deator for 2015, 2016, 2017 and 2018. d e. At what percentage approximately the prices rose from 2015 to 2018? Was the increase in nominal GDP from 2015 to 2018 mostly due to an increase in real output or due to an increase in prices? I3" Business Economics