QUESTION 6 Below is some data for Country XYZ: 2020 2021 Nominal GDP 100,000 120,000 Real GDP 80,000 90,000 Which of the following statement is incorrect? O A. The inflation rate for Country XYZ in 2021 is 10%. O B. The GDP deflator for Country XYZ in 2020 is 1.25. O C. The growth rate of nominal GDP between 2020 and 2021 for Country XYZ is 20%. O D. The growth rate of real GDP between 2020 and 2021 for Country XYZ is 12.5%. QUESTION 7 John is the owner of a factory producing solar panels in Nooneknow. John sells his products in the local market, and he would like to maximize the profit of his business. John's factory is a monopoly in the local market. The marginal cost of producing solar panels is $51, and it is a constant. The table below shows the demand for John's solar panels. Price of solar panel (S) 100 90 80 70 60 50 40 30 Quantity demanded per day 2 3 4 5 6 8 John would like to sell his solar panel at two prices, listed price and discounted price. John knows that consumers with their reservation price less than $80 will use a coupon. By presenting a coupon, consumers can buy solar panels from John at a discounted price. Given that the listed price is $80, what should be the discounted price for John's solar panels? O A. $60 O B. $70 O C. $90 O D. $80