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Year Nominal GDP Population 2010 $60 million 25 2011 $90 million 30 1. The table above shows Kucherovia's value of production and population in recent

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Year Nominal GDP Population 2010 $60 million 25 2011 $90 million 30 1. The table above shows Kucherovia's value of production and population in recent years. a. Assume that in Kucherovia the GDP deflator was 120 in 2010 and 150 in 2011. Calculate each of the following: i . Real GDP in 2010 and 2011. or blow woll ii. The rate of real output growth in Kucherovia from 2010 and 2011. grohow 000d show of a. Would the rate of real output growth differ if you used the real GDP per capita figures for these years? Explain. iii. The rate of inflation in Kucherovia from 2010 to 2011. a. If during this time period, Kucherovian workers receive a 20% increase in their nominal wages and face the same inflation you calculated above, what has happened to their real wages? Explain

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