The following table shows prices and quantities in the hypothetical economy of Moneyville for two different items in two different years. Assume these are the only two items produced in this economy. Prices and Output in a Two-Item Economy Good 1 Good 2 Year Price Output Price Output 1 $8 40 12 24 2 16 20 18 20 Instructions: Enter your answers as a whole number. a. Calculate nominal GDP for year 1 and year 2. Year 1 Nominal GDP: $ Year 2 Nominal GDP: $ Nominal GDP increases between year 1 and year 2. b. Calculate real GDP for year 1 and year 2 using year 1 as the base year. Year 1 Real GDP: $ Year 2 Real GDP: $ Real GDP| decreases v between year 1 and year 2