Consumption GoodsInvestment Goods

YearPriceQuantityPriceQuantity

2018$8400$380

2019$10600$4120

31. Calculate NOMINAL GDP in 2018.

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32. Calculate NOMINAL GDP in 2019.

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33. Calculate REAL GDP in 2018, when the base year is 2018.

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34. Calculate REAL GDP in 2019, when the base year is 2018.

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35. Calculate Economic Growth Rate in 2019 based on Real GDPs.

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36. Calculate GDP deflator in 2018.

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37. Calculate GDP deflator in 2019.

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38. Calculate Inflation Rate for 2019.

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