Good Rulers Pens Pencils (2020) Price (2020) (2021) 1000 R3.00 900 2000 R5.00 2 200 600 R6.00 500 Q.2.1.1 Calculate the Nominal GDP for 2020. Show your calculation. Q.2.1.2 Calculate the Nominal GDP for 2021. Show your calculation. Q.2.1.3 Calculate the Real GDP for 2021. Show your calculation. Q.2.1.4 Did Abanaman Republic experience economic growth in 2021? Show your calculations. (2021) R3.50 R6.00 R7.00

Good Rulers Pens Pencils (2020) Price (2020) (2021) 1000 R3.00 900 2000 R5.00 2 200 600 R6.00 500 Q.2.1.1 Calculate the Nominal GDP for 2020. Show your calculation. Q.2.1.2 Calculate the Nominal GDP for 2021. Show your calculation. Q.2.1.3 Calculate the Real GDP for 2021. Show your calculation. Q.2.1.4 Did Abanaman Republic experience economic growth in 2021? Show your calculations. (2021) R3.50 R6.00 R7.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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