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.

Search Ricky Kafle 17 X AutoSave . Off HI5003 Final Assessment Economics for Busin.. RK File Home Insert Design Layout References Mailings Review View Help Table Design Layout Share Comments 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 50.00 500 60.00 Components used tractor factory production 8.000 500.00 11000 1,200.00 Cloth 3,000 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 300.0 i. Calculate Khada Republic's nominal GDP, real GDP in 2020 and GDP deflator (6 Marks) ANSWER: ii. Examine the importance of a GDP deflator for Khada Republic (1 Mark) ANSWER: Focus + 100% Page 5 of 8 936 words X English (Australia) 2:48 PM O w ( ) ENG 19/06/2021