Price 2022 Quantity 2022 Price 2023 Quantity 2023 Ham Sandwiches 20 50 25 55 iPhones 300 10 350 15 Apples 2 100 3 200 Figure 1: Output and prices in a simple economy For questions 2-4, refer to figure 1. 2. Using 2023 as the base year, what was real GDP in 2022? 5 points. 3. Calculate the GDP Deflator in 2022 and 2023, using 2023 as the base year for real GDP. What was the inflation between 2022 and 2023 according to the Deflator? 10 points. 4. Suppose a consumer basket consists of 10 ham sandwiches, 5 iPhones, and 40 apples. (a) Calculate the CPI in 2022 and 2023, using 2022 as the base year. 8 points. (b) What was the inflation rate between 2022 and 2023 according to the consumer price index? 2 points