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Help me solve these quick please. fThe data in the table below are for the economy of Merton, which has a natural rate of unemployment

Help me solve these quick please.

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\fThe data in the table below are for the economy of Merton, which has a natural rate of unemployment of 4%. What is the size of the GDP gap for each of the three years? Enter your responses rounded to two decimal places, in the nal row of the table. -zn- Real GDP ($billions) $}'58 $866 $999 Unemployment rate The data In the table below shoviI the total output [a mixture of consumer, capital, and government services} and the prices of each product for the distant country of'v'Indaloo. (All gures are In billions and the base year is 2015.} a. Complete the table below. h. The value of nominal GDP In 2015 5 $ 1048 a , In 2016 Is 55 1341 o , and In 201? Is 35 O, c. The value ofteal GDP in 2015 Is 35 1048 o _ in 2016 Is 31; 123? CI. The value of the GDP deflator In 2015 IS 100 a , In 2016 Is 108.4 e. The ination rate (using the GDP deflator} in 2016 Is and In 201? is $ -o- 1266 a. a , and In 201TIr s 11 9.1 o . Answer to one decimal place. 8.4 a 96 and 201? is 9.9 a 96. Answer to one decimal place. 1. Suppose that the representative consumer In Vindaloo buys 5 units of each consume good. In this case the cost ofthe bundle In 201515 er; a _ in 2016 Is a; o , and In 201213 $ 9. g. Converting the cost of each bundle Into a consumer price index and using 2015 as the base year, what Is the value oflndex In each year? The value ofthe Index In 201515 100 o , In 2016 [S 101.9 Oand In 2017 18 118.2 o . Answer to one decimal place. h. Using this price Index, the Inflatlo1 rate i1 2016 Is 1.9 o 96 and In 2011I Is 16.0 o 96. Answet to one decimal place

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