Suppose an economy produces only wheat and rice. Last year, 20 bushels of wheat were sold at $4 per bushel, and 10 bushels of rice were sold at $2 per bushel. If the price of wheat was $2 per bushel and the price of rice was $1 per bushel in the base year, what can we conclude? Select one: O Nominal GDP is $50, real GDP is $100, and the GDP deflator is 200. O Nominal GDP is $100, real GDP is $50, and the GDP deflator is 200. O Nominal GDP is $100, real GDP is $50, and the GDP deflator is 50. O Nominal GDP is $50, real GDP is $100, and the GDP deflator is 50