Question #1 (22 points) Assume that Scooba's economy produces only two goods Good X and Good Y. Table 1 Production Year 1 Year 2 Year 3 Good X 50 50 60 Good Y 100 120 140 Year 1 $1.00 $0.60 Prices Year 2 $1.20 $0.60 Year 3 $1.20 $1.00 a. Calculate the value for this economy's nominal GDP in year 1(4 points) b. Calculate the value for this economy's nominal GDP in year 2 (4points) c. If year 1 is the base year, calculate the economy's real GDP in year 2 (4 points) d. If year 1 is the base year, calculate the value for this economy's GDP deflator in year 2.Comment on the result (6 points) e. Calculate the percentage change in inflation between year 1 and year 2 (4 points)