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Styles Editing QUESTION FIVE (12 marks) 9. ( LO 5) The data in Table 3.15 show the total output (a mixture of consumer, capital, and

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Styles Editing QUESTION FIVE (12 marks) 9. ( LO 5) The data in Table 3.15 show the total output (a mixture of consumer, capital, and government services) and the prices of each product for the distant country of Vindaloo. All figures are in billions of dollars, and the base year is 2018. a) Complete the table, and answer the questions that follow (to one decimal place) b) What is the value of nominal GDP? 2019: $_ 2020: $ c) What is the value of real GDP? 2019: $ 2020: $ d) What is the annual growth rate of nominal GDP? 2019: 2020: e) What is the annual growth rate of real GDP? 2019: 2020: Suppose that the population in Vindaloo is as shown in & Table 3.16. ) What is the real GDP per capita? 2018: $_ 2019: $ 2020: $ g) What is the growth rate in real GDP per capita? 2019: _% 2020: Page 144 TABLE 3.15 11 12 13 14 2018 2019 2020 Prices Nominal Prices Year Nominal Prices Real Prices Year Nominal Prices Real GDP Item Quantity Year 2018 GDP Quantity 2019 GDP Year 2018 GDP Quantity 2020 GDP Year 2018 Hot dogs 100 2.40 58 2.50 120 12 13 14 13.50 DVDs 10 12 3 100 30 95 4 110 Farm tractors 60 70 Parking 50 200 meters Totals 720 -1.C Mostly clear

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