Suppose that the following represents the entire productive output in a given economy, with quantities as indicated and prices in U.S. dollars:

GDP Data	Units Produced in 2018	Units Produced in 2019	Units Produced in 2020	Per Unit Price in 2018	Per Unit Price in 2019	Per Unit Price in 2020
Shoes	14	14	18	$25	$28	$29
Wheat	80	90	100	$3	$4	$4.5
Cloth	50	55	40	$6	$7	$9

A) Whats the nominal GDP in 2018? (In dollars)

B) Whats the nominal GDP in 2019 (in dollars)

C)Whats the nominal GDP in 2020 (in dollars)

D) Assuming 2018 is the base year, the Real GDP for 2019 is $ ?

E) Assuming 2018 is the base year, the real GDP for 2020 is $ ?

F) A country is facing stagflation if it simultaneously experiences low growth rate and high inflation rate. Is this economy facing stagflation between 2019 and 2020? You can suppose that the country is facing high inflation.

• Is the economy facing stagflation between 2019 and 2020?