The table below shows nominal and real GDP for the hypothetical economy of Tinseltown. Calculating the GDP Price Index Using Nominal and Real GDP Nominal GDP Real GDP Year (dollars) (dollars) GDP Price Index 1 $500 $500 2 530 515 3 567 527 550 522 UI A 594 543 6 633 559 Instructions: Round your answers to one decimal place. a. Using the information in the table, compute the GDP price index for each year, and then complete the "GDP column. b. Using the GDP price index, prices in Tinseltown (Click to select) between year 2 and year 3