Nominal GDP, Real GDP and Price Index Assume an economy that is producing only one product. Output and price data for a three-year period are shown in the table. If year 2 is chosen as the base year, complete the table below: Yea Units of Output Price Per Nominal GDP Price Index Real GDP Unit (Base yr = 20 $2 2 25 4 3 30 6 a. In year 3, nominal GDP and real GDP, respectively, are: and b. Price index values for years 1 and 3 respectively are: and c. Growth rate for real GDP from Yr 2 to Yr B is: d. Growth rate for nominal GDP from Yr 2 to Yr 3 is