Part 1 (2 points) Suppose that nominal GDP was $12 trillion in 2040 in Bedrock. In 2050, nominal GDP was $15 trillion in Bedrock. The price level fell 5% between 2040 and 2050, and population growth was 1%. Between 2040 and 2050 in Bedrock, nominal GDP growth was 25 5'36 and economic growth was %. Give your answers to one decimal place. Part 2 (2 points) Suppose that nominal GDP was $20 trillion in 2040 in Bedrock. In 2050, nominal GDP was $18 trillion in Bedrock.The price level rose 5% between 2040 and 2050, and population growth was 1%. Between 2040 and 2050 in Bedrock, nominal GDP growth was I o % and economic growth was 913. Give your answers to one decimal place. Pa rt 3 (2 points) Suppose that nominal GDP was $8 trillion in 2040 in Bedrock. In 2050. nominal GDPwas $10 trillion in Bedrock. The price level rose 16.0% between 2040 and 2050, and population growth was 11.0%. Between 2040 and 2050 in Bedrock, nominal GDP growth was % and economic growth was 96. Give your answers to one decimal place