2 (5 points) Fill in the following table with appropriate numbers Year Real GDP Nominal GDP GDP Deflator (in 1990 dollars) (in current dollars) (base year 1990) 1970 3,000 1,200 1980 5,000 60 1990 6,000 (d) 2000 (e) 8,000 150 2010 (f) 15,000 200 2020 10,0004 (q) 300 2030 20,000 50,000 (hju Period inflation rate in terms of GDP deflator 1970 2000 2000 2030 3 (5 points) For the following given data, fill in space with calculation procedure and answers Step 1 Survey Consumers to Determine a Fixed Basket of Goods Basket 4 hot dogs, 2 hamburgers Step 2 The Price of Each Good in Each Year Year Price of Hot Dogs Price of Hamburgers 2016 $1 $2 2017 2018 54 Step 3 Compute the Cost of the Basket of Goods in Each Year

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2  (5 points) Fill in the following table with appropriate numbers Year Real GDP  Nominal GDP   GDP Deflator (in 1990 dollars)  (in current dollars) (base year 1990) 1970 3,000  1,200  1980  5,000 60 1990  6,000 (d) 2000  (e) 8,000  150  2010 (f) 15,000 200 2020  10,0004 (q) 300 2030  20,000  50,000 (hju Period inflation rate in terms of GDP deflator 1970 2000 2000 2030 3  (5 points) For the following given data, fill in space with calculation procedure and answers Step 1   Survey Consumers to Determine a Fixed Basket of Goods Basket   4 hot dogs, 2 hamburgers Step 2   The Price of Each Good in Each Year Year  Price of Hot Dogs Price of Hamburgers 2016  $1  $2 2017   2018 54 Step 3   Compute the Cost of the Basket of Goods in Each Year

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2. (5 points) Fill in the following table with appropriate numbers Year Real GDP- Nominal GDP - GDP Deflator (in 1990 dollars)- (in current dollars)

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