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Suppose an economy's real GDP was $1,000 in 2019 Moreover, the inflation rate was 100% and the growth rate of real GDP was 10% between

Suppose an economy's real GDP was $1,000 in 2019 Moreover, the inflation

rate was 100% and the growth rate of real GDP was 10% between 2019 and 2020. Using

2020 as the base year, what are the values of this economy's (a) GDP price index in 2019, (b)

nominal GDP in 2019, and (c) nominal GDP in 2020?

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