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Question 1: Consider the table below. Assume 2021 is the base year. Production Import Export Consumption Price $ (2021) Price $ (2022) Good A 120

Question 1: Consider the table below. Assume 2021 is the base year.

Production Import Export Consumption Price $ (2021) Price $ (2022)
Good A 120 0 0 120 50 55
Good B 80 0 0 80 45 50
Good C 0 75 0 75 60 65
Good D 50 0 50 0 75 80

Given the information above, calculate the following:

(a) Consumption for 2021 (b) Net export for 2021 (c) Gross Domestic Product for 2021 (d) Consumer Price Index for 2022 The table below provides additional information about the country.

2021 2022
Nominal GDP 17,000
Population 105 125
Price Index, CPI 100

Fill in the blank space and then use the table to calculate the following: (e) The Real GDP in 2022 (f) Real GDP per capita growth rate in 2022 Please solve this for me and provide explanations.

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