Consider the data in the following table,which represents the total production of the country Tucommodatia.They produce only consumer goods. 
(a)Calculate Real GDP for all three years.
(b)Calculate the Consumer Price Index (CPI),using 2007 as the base year.Identify whether or not there was inflation from the previous year.
Definitions:
Available-For-Sale Debt Securities
Debt securities that are neither classified as held-to-maturity nor trading securities, and companies can sell these before their maturity date if needed.
Amortized Cost Basis
A financial calculation method that gradually writes off the initial cost of an asset over time.
Comprehensive Income
An all-encompassing measure of income that includes all changes in equity during a period except those resulting from investments by and distributions to shareholders.
Credit Loss
A reduction in the projected future cash flows from a loan or other financial instrument due to the borrower's inability to make payments as agreed.
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