1. The table below contains data for the country of Dachsland, which produces only pretzels and books. The base year is 2015. Quantity of Books Year Quantity Price of of Pretzels 90 Price of Pretzels Books 2015 2016 2017 $ 1.5 2 2.5 $4 150 100 180 200 120 - Compute the followings: 1. Nominal GDP. 2. Real GDP. 3. GDP deflator 4. Inflation rate in 2017.

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1. The table below contains data for the country of Dachsland,
which produces only pretzels and books.
- The base year is 2015.
Year
Quantity Price of
of
Quantity of
Books
Price of
Pretzels
Books
Pretzels
$ 1.5
$4
5
2015
90
150
2016
100
2
180
2017
6
120
2.5
200
- Compute the followings:
1. Nominal GDP.
2. Real GDP.
3. GDP deflator
4. Inflation rate in 2017.
Transcribed Image Text:1. The table below contains data for the country of Dachsland, which produces only pretzels and books. - The base year is 2015. Year Quantity Price of of Quantity of Books Price of Pretzels Books Pretzels $ 1.5 $4 5 2015 90 150 2016 100 2 180 2017 6 120 2.5 200 - Compute the followings: 1. Nominal GDP. 2. Real GDP. 3. GDP deflator 4. Inflation rate in 2017.
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