a. Nominal GDP for all the years

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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
Transcribed Image Text: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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