Real GDP in 2009 was $10 trillion (2009 dollars). The base year is 2009. The GDP price index in 2009 was 112, and the real GDP in 2013 was $11 trillion (2009 dollars).
1. Determine the nominal GDP in 2009 and in 2013 and the percentage increase in the nominal GDP from 2009 to 2013.
2. Discuss what was the percentage increase in production from 2009 to 2013, and by what percentage did the cost of living rise from 2009 to 2013?