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2. Consider a simple economy that produces two goods: cheese and wine. The following table shows the prices and quantities of the goods over a three-year period. For each year, calculate nominal GDP, real GDP, and the GDP deator. Use 2013 as the base year. Fill in the cells in the table below and submit it in your answer. In your answer, write also the formula you will use for your computations and make your calculations explicit. [1 point each cell for a total of 9 points} a. What is the Ination rate in 2020? [1 point} Has it increased or decreased since 2am and by how much? {1 point] If the nominal interest rate in 2020 is 1%, what would be the change in purchasing power of $1,000 deposited in January mm by the end of the year? {2 points} Make your calculations explicit. 4. Assume the real GDP per capita in the US has been steadily increasing for the past fty years. Would we be correct in assuming the life expectancy of the average US citizen has also been steadily increasing in these past fty years? Why or why not? Explain briefly in terms of what we have learned in this course. {2 points]