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Qty Butter Clothes Gasoline 2018 Price Qty $4 500 $20 100 1000 2019 Price Qty $4.50 520 $18 90 $2.20 1200 2020 Price $5.00 600

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Qty Butter Clothes Gasoline 2018 Price Qty $4 500 $20 100 1000 2019 Price Qty $4.50 520 $18 90 $2.20 1200 2020 Price $5.00 600 $15 80 $2.50 1300 $2 Use the Chain Method to calculate real GDP in 2020 and the rate of inflation in 2020 using 2018 chained dollars. Round real GDP to the nearest dollar and round the inflation rate to the first decimal place Real GDP in 2020: $ Inflation Rate using the Deflator in 2020

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