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Question 5 In an economy, the price index in 2006 was 1:00 and the real gross domestic product (GDP) was $1,000. In 2010, the price index was 110 and the nominal GDP was $2,200. Based on that information, which of the following can be inferred about the economy's nominal GDP in 2006 and real GDP in 2010 ? A Nominal GDP in 2006 = $2, 000; Real GDP in 2010 = $1, 000 B Nominal GDP in 2006 = $1, 000; Real GDP in 2010 = $2, 000 C Nominal GDP in 2006 = $1, 100; Real GDP in 2010 = $2, 420 D Nominal GDP in 2006 = $1, 000; Real GDP in 2010 = $2, 420 E Nominal GDP in 2006 = $1, 100; Real GDP in 2010 = $2, 200