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Question: help please give me an explanation as well...

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The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP. (Enter your responses rounded to one decimal place.) Nominal GDP Real GDP (Billions of dollars Year (Billions of dollars Price Index 2000 2004 2008 2012 2015 $10,284.8 $12,274.9 $14,718.6 $16,155.3 $18,036.6 81.9 89.1 99.2 105.2 110.0Suppose that in Year 1 the total output in a single-good economy was 7,500 buckets of chicken. Also suppose that in Year 1 each bucket of chicken was priced at $15 Finally, assume that in Year 2 the price per bucket of chicken was $21 and that 24,000 buckets were produced. at $15 Using Year 2 as the base year, the GDP price index for Year 1 isEnter your response rounded to one decimal place)

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