base year is 2020. GOOD QUANTITY (2020) PRICE (2020) QUANTITY (2021) PRICE (2021) RULER 1000 R3.00 900 R3.50 PENS 2000 R5.00 2200 R6.00 PENCILS 600 R6.00 500 R7.00 1-Calculate the Nominal GDP for 2020. Show your calculation.  2-Calculate the Nominal GDP for 2021. Show your calculation.  3-Calculate the Real GDP for 2021. Show your calculation.  4-Did Abanaman Republic experience economic growth in 2021? Show your calculations. (

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