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Below are the characteristics of the country of Macro: 2018 2019 2020 Item Quantity Price Quantity Price Quantity Price Hamburgers 2,000 $3.00 5,000 $4.00 3,000

Below are the characteristics of the country of Macro:

2018

2019

2020

Item

Quantity

Price

Quantity

Price

Quantity

Price

Hamburgers

2,000

$3.00

5,000

$4.00

3,000

$5.00

Hot Dogs

2,000

$2.00

2,500

$4.00

5,000

$5.00

Buns

4,000

$1.50

7,000

$2.00

7,500

$2.50

Ketchup

100

$0.50

200

$0.75

500

$1.00

Mustard

200

$0.75

400

$1.00

1000

$1.25

Using 2018 as the base year, compute the following:

1) Nominal GDP for 2018, 2019 and 2020

2)Real GDP for 2019 and 2020

3)GDP Deflator for 2019 and 2020

4)CPI for 2019 and 2020

5Percent growth of GDP Deflator & CPI from 2018-2019, 2019-2020)

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