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1 5) Agricultural Industrial Year Price Quantity Price Quantity 2020 $5.0 10 $10.0 20 2021 $6.0 10 $12.0 20 The above table shows the prices

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1 5) Agricultural Industrial Year Price Quantity Price Quantity 2020 $5.0 10 $10.0 20 2021 $6.0 10 $12.0 20 The above table shows the prices and quantities of two goods produced in a small country. The base year is 2020. Calculate the following: Nominal GDP in 2020 = Nominal GDP in 2021 = 10 # 2 1 5) Agricultural Industrial Year Price Quantity Price Quantity 2020 $5.0 10 $10.0 20 2021 $6.0 10 $12.0 20 The above table shows the prices and quantities of two goods produced in a small country. The base year is 2020. Calculate the following: Real GDP in 2020 = Real GDP in 2021 = 10 5 3 1 5) Agricultural Industrial Year Price Quantity Price Quantity 2020 $5.0 10 $10.0 20 2021 $6.0 10 $12.0 20 The above table shows the prices and quantities of two goods produced in a small country. The base year is 2020. Calculate the following: GDP Deflator in 2020 = GDP Deflator in 2021 =

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