Macroeconomics

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Problem: Consider an economy that produces and consumes hot dogs and hamburgers. In the following table are data for two different years. 201 0 20 15 Good Quantity Price Quantity Price Hot dogs 200 $2 25 0 $4 Hamburgers 200 $3 500 $4 Using 2010 as the base year, compute the following statistics for each year: (1) Nominal GDP (2) Real GDP (3) The implicit price deflator for GDP (4) A fixed-weight price index such as the CPI