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4. The following table shows the economic data for three (3) items manufactured in three (3) years, namely 2008, 2009 and 2010. Assuming the base

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4. The following table shows the economic data for three (3) items manufactured in three (3) years, namely 2008, 2009 and 2010. Assuming the base year is 2008. Year Quantity Price Quantity Price Quantity Price Milk Milk Honey Honey Bread Bread (liter) (RM per (liter) (RM per (unit) (RM per liter) liter) unit) 2008 100 2.00 50 10.00 2.00 2009 200 2.00 100 10.00 200 2.50 2010 200 3.00 100 15.00 400 3.50 a. Calculate nominal GDP and its growth rate in 2009 and 2010. Calculate real GDP and its growth rate in 2009 and 2010. Calculate GDP deflation and inflation in 2009 and 2010. 5 The table below shows the total population, GDP per capita at current prices and according to fixed price (constant) from 2014-2016 for country X. Year Total GDP percapita GDP percapita Population current price contant price (in RM million) (in RM million) 2014 174960 41920 27320 2015 178460 46110 29230 2016 182030 49800 30690 a. Calculate GDP at current price and GDP at constant price for each year in the table above. b. Calculate inflation rate and economic growth rates for 2015 and 2016

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