1. What is the Real GDP if the nominal GDP was $19.391 trillion dollars with a GDP deflator of 1.13421? 2. On aggregate demand and supply graph, what do outputs and price represent? Describe what is happening when these variables get bigger or smaller? 3. Describe using an Aggregate Supply Demand Graph how was output and price level affected during the Great Depression? 4. How does the government use both fiscal and monetary policies for Expansionary and Contractionary plans? 5. A student bought a pair of sunglasses in the USA for $35.50. In England, an identical pair of sunglasses costs 26.99 The exchange rate is 1 = $1.42 In which country were the sunglasses cheaper, and by how much? Show all your working. 6. What is the largest source of federal government revenue? What type of tax removes 12.4% from your paycheck and what does this pay for