In an economy, the price index in 2006 was 100 and the real gross domestic product (GDP) was $1,000. In 2010, the price index was 110 and the nominal GDP was $2,200. Based on that information, which of the
following can be inferred about the economy's nominal GDP in 2006 and real GDP in 2010?
A. Nominal GDP in 2006 = $2,000; Real GDP in 2010 = $1,000
B. Nominal GDP in 2006 $1,000, Real GDP in 2010 = $2,000
C. Nominal GDP in 2006= $1,100, Real GDP in 2010 = $2,420
D. Nominal GDP in 2006 $1,000, Real GDP in 2010 = $2,420
E. Nominal GDP in 2006 = $1,100; Real GDP in 2010 = $2,200
Please show your work.