Suppose the following data describe output in threedifferent yearsfor a country X:

Year Year 1 Year 2 Year 3

CPI 100 117 123

Consumption 10,000 10,500 12,000

Investment 4,000 4,100 4,200

Gov't Spending 2,000 2,300 2,400

Exports 1,500 1,800 1,800

Imports 1,000 1,200 1,600

(a)ComputethenominalGDP in each year.

(b)ComputetherealGDPsin Year 2and Year 3by using Year 1as the base year.

(c)Compute the economic growth rates of Year 2 and Year 3.