a - e please. TimeYear 1Year 2Price ofApples46Quantity ofApples1510Price ofOranges105Quantity ofOranges4203. The table above shows data for the economy of Fruitland, which produces two goods, apples and oranges.(a) Calculate the nominal gross domestic product (GDP) for year 2.(b) Using year 1 as the base year, calculate real GDP for year 2.(c) Calculate the GDP deflator for year 2.(d) Assuming the market basket is composed of the quantities in year 1, calculate the consumer price index(CPI) for year 2.(e) Suppose apple and orange pickers received a 2 percent increase in their wages. Based on your answer topart (d), would real wages of apple and orange pickers increase, decrease, or stay the same from year 1to year 2 ? Explain.

Nominal GDP is the value of total goods and services produced in the country. It can be calculated as: Nominal GDP= Pa×Qa+ Po×QoWherePa is the price of apple in current yearQa is the quantity of apple in the current yearPo is the price of orange in current yearQois the quantity of orange in the current year Real GDP is the value of total goods and services produced in the country with adjusting inflation. Real GDP= Pa×Qa+ Po×QoWherePa is the price of apple in base yearQa is the quantity of apple in the current yearPo is the price of orange in base yearQois the quantity of orange in the current year The GDP deflator is the ratio of nominal GDP and real GDP. GDP Deflator =Nominal GDPReal GDP×100