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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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