PLEASE ANSWER ALL QUESTIONS WITH SHOWING WORK. TIA :))

Please note that the CPI market basket is 600 boxes of corn flakes, 250 gallons of milk and one apartment unit. (It's the same as typical-household purchases in the base year.)

Note also that if a ratio is reported in index form, then the ratio is multiplied by 100. For example, if X = 120 and Y = 150, and the ratio Y/X is reported in index form, the it will be reported as (150/120)*100 = 125.0 .

Price indexes and ination rates This part of Assignment 4 involves the same small developing country from the preceding assignments (3 and 4-1), except that the consumption sector of its economy is more complicated than before. Here are some revised basic data from the country's National Income and Product Accounts, incorporating a more complicated consumption sector with three consumer goods or services. The consumer goods are boxes of corn akes, gallons of milk and apartment units. The l'price\" for apartment units is annual rent. Tra cto rs Q w 2020 624000 2.50 450000 4.00 650 600 40 25000 37500 20.00 2021 626490 3.05 465720.50 4.50 625 650 44 25250 39600 22.00 2022 627500 3.20 475000 4.75 620 675 45 27000 40000 25.00 The country's Labor Department also conducts an annual Consumer Expenditures Survey that reports data on the purchases of a typical household in the country during the year. Here they are: The country's Labor Department constructs its CPI in the relatively simple way the US. Labor Department used to use to construct the U5. CPI. The CPI for a year is the cost of the market basket from base year, in the current year, divided by the cost of the market basket from the base year, in the base year. But it is reported in index form, so this quotient is multiplied by 100 and then rounded to the nearest tenth (0.1). Note that the market basket from the base year is indicated in red on the spreadsheet. Question 7 2 pts [3-a1] Calculate nominal GDP for 2020, in dollars. Note that to calculate GDP, you need to include all the goods and services (including labor services), not just the consumer goods or services. 5,500,000 D Question 8 2 pts [3-a2] Calculate nominal GDP for 2021, in dollars. 6,394,986.8 D Question 9 2 pts [3-a3] Calculate nominal GDP for 2022, in dollars. D Question 10 2 pts [3-b1] Calculate traditional (old-style, unchained) real GDP for 2020, in base year dollars, if 2020 is used as the base year.Question 11 3 pts [3-b2] Calculate traditional (old-style, unchained) real GDP for 2021, in base year dollars, if 2020 is used as the base year. Question 12 3 pts [3-b3] Calculate traditional (old-style, unchained) real GDP for 2022, in base year dollars, if 2020 is used as the base year. Question 13 2 pts [4-a1] Calculate the GDP deflator for 2020, if 2020 is used as the base year. Report the value in index form, rounded to the nearest tenth (0.1). Question 14 3 pts [4-a2] Calculate the GDP deflator for 2021, if 2020 is used as the base year. Report the value in index form, rounded to the nearest tenth (0.1).D Question 15 3 pts [4-a3] Calculate the GDP deflator for 2022, if 2020 is used as the base year. Report the value in index form, rounded to the nearest tenth (0.1). D Question 16 3 pts [4-b1] Calculate the annual GDP-deflator inflation rate (percent change from previous year) for 2021. Round your answer to the nearest tenth of a percent. D Question 17 3 pts [4-b2] Calculate the annual GDP-deflator inflation rate (percent change from previous year) for 2022. Round your answer to the nearest tenth of a percent. D Question 18 2 pts [5-a1] Calculate nominal Personal Consumption Expenditures (PCE) for 2020, in dollars. Note, here and below, that all expenditures on corn flakes, milk and apartment rent were made by households.D Question 19 2 pts [5-a2] Calculate nominal Personal Consumption Expenditures (PCE) for 2021, in dollars. D Question 20 2 pts [5-a3] Calculate nominal Personal Consumption Expenditures (PCE) for 2022, in dollars. D Question 21 2 pts [5-b1] Calculate traditional (old style, unchained) real PCE for 2020, if 2020 is used as the base year. D Question 22 3 pts [10-b2] Calculate traditional (old style, unchained) real PCE for 2021, if 2020 is used as the base year.D Question 23 3 pts [5-b3] Calculate traditional (old style, unchained) real PCE for 2022, if 2020 is used as the base year. D Question 24 2 pts [6-a1] Calculate the PCE deflator for 2020, if 2020 is used as the base year. Report the value in index form, rounded to the nearest tenth (0.1). D Question 25 3 pts [6-a2] Calculate the PCE deflator for 2021, if 2020 is used as the base year. Report the value in index form, rounded to the nearest tenth (0.1). D Question 26 3 pts [6-a3] Calculate the PCE deflator for 2022, if 2020 is used as the base year. Report the value in index form, rounded to the nearest tenth (0.1).D Question 27 3 pts [6-b1] Calculate the annual PCE-deflator inflation rate (percent change from previous year) for 2021. Round your answer to the nearest tenth of a percent. D Question 28 3 pts [6-b2] Calculate the annual PCE-deflator inflation rate (percent change from previous year) for 2022. Round your answer to the nearest tenth of a percent