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Q2. (1 Point) Assume that Saudi Arabia produce only two products; dates and rice where are the price and quantity produced are: Year Dates (KG)

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Q2. (1 Point) Assume that Saudi Arabia produce only two products; dates and rice where are the price and quantity produced are: Year Dates (KG) Rice (KG) 2018 (base year) P=20 SAR Q=100,000 P5 SAR Q-500,000 2019 P-20 SAR Q=120,000 P=5 SAR Q=550,000 2020 P25 SAR Q-90,000 P=6 SAR Q=450,000 Calculate GDP deflator for the years 2018, 2019 and 2020. Also, calculate the Nominal and real GDP growth on 2019 & 2020, compare between them by explaining why they are different Calculate the 2019 & 2020 inflation rates

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