The country of Batavia produces only chocolates and watches. Below is a table with recent information on Batavia production and prices. The base year is 2009.Prices and QuantitiesYearPrice of A Box of ChocolatesBoxes of ChocolatesPrice of WatchesQuantity ofWatches2008$4100$50102009$590$50152010$5100$60152011$680$6512 What was nominal GDP, real GDP, and the GDP deflator for 2008?What was nominal GDP, real GDP, and the GDP deflator for 2009? Show your work.What was nominal GDP, real GDP, and the GDP deflator for 2010? Show your work.What was nominal GDP, real GDP, and the GDP deflator for 2011? Show your work.What was the inflation rate for 2010? Show your work.What was the inflation rate for 2011? Show your work.

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The country of Batavia produces only chocolates and watches. Below is a table with recent information on Batavia production and prices. The base year is 2009.

Prices and Quantities

Year	Price of A Box of Chocolates	Boxes of Chocolates	Price of Watches	Quantity of Watches
2008	$4	100	$50	10
2009	$5	90	$50	15
2010	$5	100	$60	15
2011	$6	80	$65	12

What was nominal GDP, real GDP, and the GDP deflator for 2008?
What was nominal GDP, real GDP, and the GDP deflator for 2009? Show your work.
What was nominal GDP, real GDP, and the GDP deflator for 2010? Show your work.
What was nominal GDP, real GDP, and the GDP deflator for 2011? Show your work.
What was the inflation rate for 2010? Show your work.
What was the inflation rate for 2011? Show your work.

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