Please help me answer this paper

/20 MARK: keep your quiz with the rest of your notes) LAST NAME: 1. YEAR 1 23 Fill in the table below: (4 marks) PRICE DEFLATOR INDEX 122.4 123.1 NOMINAL GDP QUIZ # 3-GDP & REVIEW - V#4 $593 $609 $615 Potential Output or Y = fe FIRST NAME: REAL GDP 474.9 To be completed by instructor only ELIGIBLE FOR DO-OVER: DYes No Rate of Growth of Real GDP 2. U = 175 Fr = 15 Cy = 139 E = 895 Y = 962 Show all calculations on the back of the page and then fill in the blank below. Pop = 25860 Present for 100 During an unanticipated inflation spending tends to increase. (T or F) Inflation Rate (2 marks) 3. If you agree with the statement write "T" for True in the space provided. If you disagree, write "F" for False in the space provided and then cross out the part of the statement you think is wrong and insert the word or words that would make the sentence correct. (2 marks each) a) The fact that forecasts vary makes them useless for recognizing possible risks in the future. (T or F) b) The sentence "When interest rates fall, house sales tend to rise." is a positive statement. (T or F) c) If you buy a car made in 2008, that transaction would not be included in GDP. (T or F) d) If the rate of economic growth is positive but decreasing the economy must be in recession. (T or F) e) The largest single cost to the economy of high unemployment is the rise in crime and health care. (T or F) Cose The economy is fully employed when all formerly cyclically unemployed workers find jobs. (T or F)