Use the following to answer questions : 
-(Table: Gadget GDP in Rayistan) Look at the table Gadget GDP in Rayistan. Rayistan is a small nation that produces only one good, the gadget. The table shows production and prices of gadgets for two consecutive years, as well as the population of Rayistan.
a. Compute nominal GDP in 2010 and 2011.
b. Compute real GDP in 2010 and 2011.
c. Has Rayistan's standard of living, as measured by real GDP per capita, increased, decreased, or stayed the same?
Definitions:
Old Problem
A previously encountered or longstanding issue that has not been resolved.
Similarly Structured Problem
A problem that, despite different contexts or content, shares an underlying structure or logic with another problem, allowing strategies from one to be applied to the other.
Means-end Analysis
A problem-solving technique that involves breaking down the problem into smaller problems and achieving the desired end state through successive steps.
Problem-solving Technique
A problem-solving technique is a method or strategy used to find solutions or overcome obstacles.
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