Quantitiy 4 2 2019 Price 1,5 1,5 4 Quantitiy 2020 Price 2,5 4 1 Quantitiy 4 2021 Price 3 1,5 2,5 Calculate nominal GDP, real GDP and growth rate for all years. Calculate the inflation using the GDP deflator for all years. a. b. use the year 2017 as the base year, if you need. 3. 3. 2. 3. 2. 3. 4)
Quantitiy 4 2 2019 Price 1,5 1,5 4 Quantitiy 2020 Price 2,5 4 1 Quantitiy 4 2021 Price 3 1,5 2,5 Calculate nominal GDP, real GDP and growth rate for all years. Calculate the inflation using the GDP deflator for all years. a. b. use the year 2017 as the base year, if you need. 3. 3. 2. 3. 2. 3. 4)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
100%
![Make the following calculations according to the table below.
Good A
Good B
Good C
Good D
Quantitiy
1
4
2017
Price
1
2,5
0,5
1,5
Quantitiy
3
5
4
2018
Price
2
1
1
Quantitiy
4
2
3
2019
Price
1,5
1,5
Quantitiy
3
4
2020
Price
2,5
4
1
3
Quantitiy
4
4
5
2021
Price
1,5
2,5
a.
Calculate nominal GDP, real GDP and growth rate for all years.
b.
Calculate the inflation using the GDP deflator for all years.
use the year 2017 as the base year, if you need.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe2b69030-d5c3-437e-9558-0d4cdeb13493%2F3904afb7-115b-41bb-8464-7406d19d0a46%2F4z6rgt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Make the following calculations according to the table below.
Good A
Good B
Good C
Good D
Quantitiy
1
4
2017
Price
1
2,5
0,5
1,5
Quantitiy
3
5
4
2018
Price
2
1
1
Quantitiy
4
2
3
2019
Price
1,5
1,5
Quantitiy
3
4
2020
Price
2,5
4
1
3
Quantitiy
4
4
5
2021
Price
1,5
2,5
a.
Calculate nominal GDP, real GDP and growth rate for all years.
b.
Calculate the inflation using the GDP deflator for all years.
use the year 2017 as the base year, if you need.
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