Macroeconomic Theory and Policy Question

Submit this page for grading; otherwise, you will receive a grade of ZERO for Question 1. 2018 2019 2020 (Nominal) Consumption (Nominal) Investment (Nominal) Government spending (Nominal) Exports (Nominal) Imports Nominal GDP Real GDP GDP deflator CPI Inflation rate (using GDP deflator) Not applicable Inflation rate (using CPI) Not applicableThe following table provides the economic data for an economy. Year 2018 2019 2020 Price Quantity Price Quantity Price Quantity Good 1 36 110 34 100 30 120 Good 2 12 180 14 180 10 150 Good 3 60 50 58 40 50 60 Good 4 13 150 14 240 12 200 Good 5 24 90 24 100 20 80 Good 6 7 380 6 360 8 300 Here is some additional information about this economy that holds true for all 3 years unless otherwise stated: . Unless otherwise stated, the goods are produced within the economy. Good 1 is equally split between households, domestic and foreign firms, and government. Good 2 is a pure consumption good and 40% are purchased from abroad. Both households and government purchase good 3, in which households buy four-fifths of that good. In addition, half of the good 3 consumed by households is produced outside the country. Firms purchase half of good 4 while the government consumes 30% of the good. The remainder is bought by foreign households. Of the good 4 purchased by local firms, two-fifths are purchased from abroad. The share of good 5 among households, firms and government are 40%, 40% and 20% respectively. However, the country does not produce a single unit of the good. All of good 6 is bought by domestic sectors: half of good 6 goes to local governments while the remainder is equally split between households and firms. The government has chosen 2018 as the base year.Based on the information given, complete the following table. 2018 2019 2020 (Nominal) Consumption (Nominal) Investment (Nominal) Government spending (Nominal) Exports (Nominal) Imports Nominal GDP Real GDP GDP deflator CPI Inflation rate (using GDP deflator) Not applicable Inflation rate (using CPI) Not applicable Note: The above table is reproduced on page 3 of this assignment (so that you can print it & fill it out). You must submit that page as your answer to Question 1 with your assignment for grading Also, on separate page(s), show your work! You are required to do both; otherwise, you will receive a grade of zero for this part of the