Question 4 (3) Refer to the table below which shows the expenditures of an economy in 2019 and 2020, measured in millions of current year dollars: Item Amount in 2019 Amount in 2020 Personal consumption expenditures $7,064 $6,988 Gross private domestic investment $1,634 $1,532 Government expenditures services $1,840 $1,945 Export of goods and services $200 $250 Import of goods and services $530 $600 (i) Calculate the nominal GDP of the economy in 2019 and 2020. (4 marks) (ii) Given that the GDP deator is 104 in 2019 and 108 in 202 0, calculate the real GDP of the economy in 2019 and 2020. Determine the real economic growth rate from 2019 to 2020. (9 marks)