The country of Pantherville produces two goods: footballs and basketballs. Below is a table showing prices and quantities of output for three years: Year Price of Footballs Quantity of Footballs Price of Basketballs Quantity of Basketballs Population Pantherville

Year 1 $10 120 $12 200 100

Year 2 12 200 15 300 110

Year 3 14 180 18 275 130

a) Calculate Nominal GDP for Years 1, 2 and 3

b) Using Year 1 as the base Year, calculate Real GDP for years 1, 2 and 3

c) What is the economic growth rate from year 1 to 2 and from year 2 to 3?

d) What is the GDP per capita in Pantherville in years 1, 2 and 3?

e) What is the inflation rate from year 1 to year 2 and from year 2 to year 3?