Assume a simple economy producing only two types of products: car and smartphone. The quantity and price of these products in each year are given in the table. The base year is 2020. What are economic growth rate and inflation rate (using GDP deflator to compute) in 2021? Assume that your monthly income in 2020 and 2021 are successively 10 mil VND and 11 mil VND. What are the growth rates of your nominal income in 2021? What are the growth rates of your real income in 2021? Using the table of data in question 6, but now assume that is the basket of consumer goods. The base year is 2021. Compute the Consumer Price Index in two years and inflation rate in 2021? Year 2020 2021 Car Quantity 17 18 Price 12000 15000 Quantity 480 520 Smartphone Price 950 1100