ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Use the information from the preceding table to fill in the following table.
Year
|
Nominal
|
|
Real GDP
|
GDP Deflator
|
---|---|---|---|---|
|
||||
2018 |
410
|
|
410
|
100
|
2019 |
1170
|
|
585
|
200
|
2020 |
1080
|
|
480
|
225
|
From 2019 to 2020, nominal GDP (increase or decrease) , and real GDP (increase or decrease) .
The inflation rate in 2020 was (-12.5%, 0.1%, 12.5%, 88.9%, 112.5%) .
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