Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken. Also assume that in 1984 each bucket of chicken was priced at $10. Finally, assume that in 2005 the price per bucket of chicken was $16 and that 25,000 buckets were produced.

Instructions:In parta, enter your answer as an index number rounded to 1 decimal place. In partsb-c, enter your answers as whole numbers.

a. What is the GDP price index for 1984, using 2005 as the base year?

________

b. By what percentage did the price level, as measured by this index, rise between 1984 and 2005?

________ Percent?

c. What were the amounts of real GDP in 1984 and 2005?

In 1984, real GDP _________

In 2005, real GDP _________