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Table A Suppose a simple economy produces three goods only. The price and output data for some selected years are shown below. All prices shown

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Table A Suppose a simple economy produces three goods only. The price and output data for some selected years are shown below. All prices shown are the prices in the specic year shown. Treat 2002 as the reference year. Price Price Quantity Quantity dollars dollars number number 2002 2010 2002 2010 Pop 0.75 1.10 100 120 Crackers 1.25 2.10 300 280 Cucumbers 2.00 3.00 200 190 a) What is W GDP for 2002? (2 marks)| b) What is Wignominal GDP for 2010'? (2 marks) c) What is W121 GDP for 2010 relative to the reference year of 2002? (2 marks) (1) By what percent did Wired GDP increase/decrease from 2002 and 2010f? (2 marks)

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