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1. [2 points] Consider the following GDP data (IMF, WEO Database; 'p': projected) China U. S. A. Nominal Real Nominal Real (billions (billions of (billions

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1. [2 points] Consider the following GDP data (IMF, WEO Database; 'p': projected) China U. S. A. Nominal Real Nominal Real (billions (billions of (billions billions of of Yuan) 2015 Yuan) of US$) 2012 US$) 2019 99070 . 8 89583 . 4 21433 . 2 19091 . 7 2020 101598. 6 91241 . 9 20932 . 8 18422.5 2021 (p) 113620.9 99010 . 7 22675. 3 19598.9 Calculate nominal and real growth rates, and the inflation rates, for 2020 and (projected) 2021

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