Good 2010 2018 Quantity Price Quantity Price Hot dogs 11305200 $2 250 $4 Hamburgers 200 $3 500 $4 a. Using 2010 as the base year, compute the following statistics for each year: nominal GDP real GDP, the implicit price deflator for GDP, and the CPL. b. By what percentage did prices rise between 2010 and 2018? Give the answer for each good and also for the two measures of the overall price level. Compare the answers given by the Laspeyres and Paasche price indexes. Explain the difference.

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