Tanks Beer

Price Qty Price Qty

2000: 20,000 200 5.00 400,000

2005: 25,000 200 5.50 420,000

2010: 30,000 225 5.75 400,000

a. Calculate the nominal GDP all years

b. Calculate the Real GDP all years (assume base year = 2000)

c. Calculate the inflation rate using a Paasche index (from 2000 to 2005, and 2000 to 2010), use 2010 as current year bundle across both comparisons part c

d. Calculate the inflation rate using a Laspeyres index (from 2000 to 2005, and 2000 to 2010)