! plz answer quickly Calculate the chain-weighted Real GDP for Year 3, using Year 1 as the base year.Here are all the combinations needed (using fixed-weight GDP for a given base):Base Year Base Year Base Year12Year 1110GDPYear 210080GDPYear 3130100GDPurthermore, the chain-weighted growth rate between Year 1 and Year 2 is 7.7783%. Your answerust have four decimal places!t) Suppose the Real GDP for Year 3-150. What is the GDP deflator in Year 3, andwhat does it say about the price level since Year 1?

Chain-weighted method of GDP is a new approach to calculating GDP. It depicts a more accurate…

Calculate the chain-weighted Real G for Year 3, using Year I as the base year. Here are all the combinations needed (using fixed-weight GDP for a given base): Year 1 GDP Year 2 GDP Year 3 GDP Base Year Base Year Base Year 1 2 3 110 100 130 80 100 Furthermore, the chain-weighted growth rate between Year 1 and Year 2 is 7.7783%. Your answer must have four decimal places!