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SECTION A: STRUCTURED QUESTIONS (50 Marks) Question 1 (25 Marks) Table below shows the price (RM) and quantity (unit) of three goods, P, Q and R in the year 2017, 2018 and 2019 for an imaginary country. Answer the following questions based on the data below. Year Price of Quantity of Price of Quantity Price of Quantity product P Product P product of product of Q Product R Product Q R 2017 100 10 50 100 10 200 2018 100 12 52 108 10 205 2019 100 12 54 115 10 212 A. Compute the Nominal GDP in 2017, 2018 and 2019. (6 marks) B. Compute the Real GDP in 2017, 2018 and 2019. (6 marks) C. Compute the percentage change in the Real GDP from 2017 to 2018 and 2018 to 2019. (4 Marks) D. Calculate the GDP Deflator for 2017, 2018 and 2019. (6 marks) E. Based on your answers above, state whether the economic well-being of this economy has increase between 2018 and 2019