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Please answer questions with **** I) The following data show the quantities of Education and Housing produced by a hypothetical cconomy that produced only Education

Please answer questions with ****

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I) The following data show the quantities of Education and Housing produced by a hypothetical cconomy that produced only Education and Healthcare in 2015 and 2018 Table 1 2015 2018 Product Price ($) Quantity Produced Price ($) Quantity Produced Education $3,944 93 $4,416 117 (units) Healthcar $1,439 98 $2,010 127 e (units) Part 1: Calculate Nominal GDP for 2018; * *** Part 2: Calculate Real GDP for 2018 using 2015 as base year: * *** Part 3: Calculate the Rate of Inflation between 2015 and 2018:* * * * 2) The table below shows the price and quantity data for a basket of products used in calculating a hypothetical economy's Consumer Price Index (CPI) Year 2002 2005 2010 Product Price ($) Quantity Price (S) Quantity Price (S) Quantity Coffee $1.6 38 $1.76 32 $2.03 32 Pizza $7 19 $6.89 31 56.84 28 Beef 59.5 12 $10.14 9 $11.54 9 Using 2002 as the base year: Calculate the Consumer Price Index (CPI) for 2005 using 2002 as base year: * *** Calculate the Consumer Price Index (CPD) for 2010 using 2002 as base year: * ** * Calculate the CPI Inflation between 2005 and 2010: ****

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