Q1. A simple economy produces only two goods, bread, and automobiles, neither being used as intermediate inputs, and it has no government, investment, or trade. In this case since GDP is Y = C. Data for three periods are given in the following table: Year 1090 Year 2000 Year 2010 Price of Bread, $ftrav _ Automobiles, $ 45,000 50,000 00,000 Bread, trays 550,000 500,000 400 ,000 Quantity of Automobiles a. Using 2000 as the base year, compute nominal GDP, real GDP, and GDP deator for each year. When setting up the expressions for each variable, clearly explain their composition