In Country X ( population of 100 million), the GDP per capita for the year 2022 was $10,000, and the GDP deflator for the same year was 120. The government revenue amounted to $2.5 billion, with government spending totaling $3 billion. Considering these values, calculate: a) The nominal GDP of Country X for the year 2022. b) The real GDP of Country X for the year 2022. c) The government budget balance for the year 2022. d) If the government decides to implement a policy to reduce carbon emissions, leading to increased spending of $150 million on renewable energy projects, how would this affect the government budget balance?

ENGR.ECONOMIC ANALYSIS
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In Country X ( population of 100 million), the GDP per capita for the year 2022 was $10,000, and the GDP deflator for the same year was 120. The government revenue amounted to $2.5 billion, with government spending totaling $3 billion.

Considering these values, calculate:

a) The nominal GDP of Country X for the year 2022.

b) The real GDP of Country X for the year 2022.

c) The government budget balance for the year 2022.

d) If the government decides to implement a policy to reduce carbon emissions, leading to increased spending of $150 million on renewable energy projects, how would this affect the government budget balance?

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