Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 7QR
Related questions
Question
100%
![Product
A
B
For the given data, calculate the following:
a. Nominal GDP for all the years
b. Real GDP for all the years
C. GDP Deflator for all the years
C
Quantity
(2017)
45
54
Price (2017) Quantity Price (2018) Quantity
(2018)
(2019)
BD 14
BD 3
58
63
36
BD 20
Note: Use 2017 as the base year in your calculation.
36
BD 16
BD 3-5
BD 25
63
72
45
Price
(2019)
BD 18
BD 3.75
BD 30](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F47a7de08-092e-4a88-8b06-da98a90dc775%2Ff3d86aec-40a5-4b48-8282-eb1de4f74603%2Fbcmssu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Product
A
B
For the given data, calculate the following:
a. Nominal GDP for all the years
b. Real GDP for all the years
C. GDP Deflator for all the years
C
Quantity
(2017)
45
54
Price (2017) Quantity Price (2018) Quantity
(2018)
(2019)
BD 14
BD 3
58
63
36
BD 20
Note: Use 2017 as the base year in your calculation.
36
BD 16
BD 3-5
BD 25
63
72
45
Price
(2019)
BD 18
BD 3.75
BD 30
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