) In Year 1, an economy produces and consumes 2 apples and 2 oranges, each of which sell for $4. In Year 2, the economy produces and consumes 4 apples, which still sell for $4, and 1 orange, which sells for $12. Year 1 is the base year and the time. /6 pts a. In Year 1, nominal GDP is _________, and real GDP is _________. /6 pts b. In Year 2, nominal GDP is _________, and real GDP is _________.