In Microsoft Word, type the answers and insert your drawing. Submit this assignment by answering four questions of the available six questions. (Through the use of the text)

1. According to the BEA web site what are the current amounts for C, Ig, Xn, GDP. State the current percentage growth rate for GDP.
2. Define GDP (p. 130)
3. Explain the difference between nominal & real GDP (p. 144)
4. Show the arithmetic involved in computing nominal vs real GDP (p. 145)
5. Complete Table 7.6 on p. 144 for columns (3), (4) and (5).
6. Indicate in the above problem where nominal GDP has been inflated/deflated.