This Year's Output This Year's Price 500 Fishing lures $5.00 Each SO Fishing Rods $100.00 Each 50 Fishing Reels $ 150.00 Each Hanaik and produces three final goods. Fishing lures, Fishing Rods, and Fishing Reels. The table above shows this year's output and price for cach product! [a) Calculate this year's nominal GDP (b] Assume that in Hanzikland the GOP Deflator is 100 In the base year and 225 this year. Calculate each of the following. i. The inlation rate, expressed agh percentage betvigen the base year and this year, i. This year's real GDP. (c) Since last year, workers received a 3use increase in their nominal wages. If workers face the same inflation rate that you calculated in part (Is) til, what has happened to their real wages? (o) If the GDP deflator in Hanzikland increases unexpectedly, would a lender who lends at a fixed rate be better off of worse our