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Calculate the following based on this information about an economy in 2020, 2021, and 2022: Show work. 2020 2021 2022 Nominal GDP (in billions of

Calculate the following based on this information about an economy in 2020, 2021, and 2022: Show work.

2020

2021

2022

Nominal GDP (in billions of dollars)

$6400

$6600

______

GDP price index (base year 2021)

95

103

Real GDP

______

_______

$7700

a. Nominal GDP in 2022._________

b. Real GDP in 2020 and 2021.__________ _________

c. Rate of inflation for 2021 __________

d. Growth rate in 2022. Give a percent change. ______________

Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote

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