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I didn't find the same question. 2. ! Consider a hypothetical economy, which produces only two goods. cars and laptops: Calculate: a) nominal GDP for
I didn't find the same question.
2. ! Consider a hypothetical economy, which produces only two goods. cars and laptops: Calculate: a) nominal GDP for 2000 and 2015 b) real GDP i. using 2000 prices ii. using 2015 prices c) the total and the average annual inflation rate between 2000 and 2015 using the GDP deflator and the CPI (consumer basket corresponds to the quantities from 2000). Explain why the results differ. d) total and average annual real GDP growth between 2000 and 2015 for both cases in point b). Explain why the results differ. e) What is the average annual growth rate of real GDP using the Fisher index (chained GDP)Step by Step Solution
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