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Consider the following GDP data (IMF, WEO Database) for 2018, 2019, and (projected) 2020. China U.S.A. Nominal Real Nominal Real (billions (billions of (billions (billions
Consider the following GDP data (IMF, WEO Database) for 2018, 2019, and (projected) 2020. China U.S.A. Nominal Real Nominal Real (billions (billions of (billions (billions of of Yuan) 2015 Yuan) of US$) 2012 US$) 2018 88442.6 84892.6 20580.3 18638.2 2019 95497.0 90104.0 21439.5 19076.2 2020(p) 98135.6 91734.9 20341.2 17949.4 Calculate nominal and real growth rates, and the inflation rates, for 2019 and (projected) 2020
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