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The Data of Macroeconomics - Work It Out Question 2 Consider an economy that produces and consumes bread and automobiles. The table includes data for

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The Data of Macroeconomics - Work It Out Question 2 Consider an economy that produces and consumes bread and automobiles. The table includes data for two different years. Good 2010 2010 2015 2015 Quantity Price Quantity Price Automobiles 90 $44000 140 $75000 Bread 570000 $9 380000 $17 Round answers to to places after the decimal where necessary a. Using 2010 as the base year, compute nominal GDP, real GDP, the implicit price deflator for GDP, and the CPI for each year. 2010 Nominal GDP = $ 2015 Nominal GDP = $ 2010 Real GDP h $ 2015 Real GDP = $ 2010 GDP deflator = 2015 GDP deflator = 2010 CPI= 2015 CPI =

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