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Question 2. Gross domestic product A country has been producing a couple of goods as follows: Y2022 P2022 Y2021 P2021 Good A 10 71 9

Question 2. Gross domestic product A country has been producing a couple of goods as follows: Y2022 P2022 Y2021 P2021 Good A 10 71 9 68 Good B 43 5 40 ? 2021 is the base year. (a) Calculate the nominal GDP of 2022. Report its units. (b) The real GDP of 2022 is 852. Find the price of good B in 2021 (c) Find the GDP deflator for 2022. Report its units. (d) The GDP of 2021 is 772. Find the growth rate of GDP in real terms

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