ProductABFor the given data, calculate the following:a. Nominal GDP for all the yearsb. Real GDP for all the yearsC. GDP Deflator for all the yearsCQuantity(2017)4554Price (2017) Quantity Price (2018) Quantity(2018)(2019)BD 14BD 3586336BD 20Note: Use 2017 as the base year in your calculation.36BD 16BD 3-5BD 25637245Price(2019)BD 18BD 3.75BD 30

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Answered: a. Nominal GDP for all the years

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a. Nominal GDP for all the years

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

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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

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