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The table below is extracted from Khada Republic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that

The table below is extracted from Khada Republic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that follow.

Item

Base year 2019

2020

Production

Price

Production

Price

Used cloth (units)

4,000

50.00

5000

60.00

Components used tractor factory production

8,000

500.00

11000

1,200.00

Cloth

8,000

25.00

12,000

30.00

Beef gifts during cultural festival

1,500

2.00

1,700

3.00

Milk litres

5,000

1.30

7,000

2.50

Computers

2000

500.00

2,500

600.00

Printers

500

300.00

400

355.00

Raw materials for car assembling plant

4500

250.00

4450

i.Calculate Khada Republic's nominal GDP, real GDP in 2020 and GDP deflator

ii.Examine the importance of a GDP deflator for Khada Republic

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