Sea Island produces only lobsters and crabs. Table 1 gives the prices and quantities produced by Sea Island in 2006 and 2007 respectively. 2006 is the base year. Table 1: The Economy of Sea Island 2006 2007 Price Quantity Price Quantity Lobsters $20 1,000 $25 1,450 Crabs $10 500 $12 525 a) Calculate Nominal GDP in 2006 and 2007. b) Calculate Real GDP for 2006. C) Calculate the Fisher Volume Index (2006 is the base year) d) Calculate Real GDP for 2007. e) Calculate the GDP Deflator for 2007