Make the following calculations according to the table below. a. b. If you need, 2017 ● 2018 2019 2020 2021 Quantitiy Price Quantitiy Price Quantitiy Price Quantitiy Price Quantitiy Price Good A 6 2 4 M 10 3 6 5 8 4 Good B 2 5 8 4 6 4 6 8 2 6 Calculate nominal GDP, real GDP and GDP growing rates for all years. Calculate the inflation using the GDP deflator and Consumer Price Index(CPI) methods. Explain briefly, why inflation rates are different in these two calculations method. Good C 8 1 10 3 4 2 10 20 8 3 use the year 2017 as the base year, the bundle consists of 3 Good A, 2 Good B and 4 Good C

Make the following calculations according to the table below. a. b. If you need, 2017 ● 2018 2019 2020 2021 Quantitiy Price Quantitiy Price Quantitiy Price Quantitiy Price Quantitiy Price Good A 6 2 4 M 10 3 6 5 8 4 Good B 2 5 8 4 6 4 6 8 2 6 Calculate nominal GDP, real GDP and GDP growing rates for all years. Calculate the inflation using the GDP deflator and Consumer Price Index(CPI) methods. Explain briefly, why inflation rates are different in these two calculations method. Good C 8 1 10 3 4 2 10 20 8 3 use the year 2017 as the base year, the bundle consists of 3 Good A, 2 Good B and 4 Good C

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section: Chapter Questions

Problem 22AA

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