Question: 2. Consider the data in the following table, which represents the total production of a country A. They produce only consumer goods. 2020 2021 Quantity

2. Consider the data in the following table, which represents the total production of a country A. They produce only consumer goods. 2020 2021 Quantity of x 2 2 Quantity of y 10 10 Price of x 100 200 Price of y 30 30 (a) (10 points) Calculate the growth rate in Nominal GDP from 2022 to 2023. (b) (10 points) Calculate the growth rate in Real GDP in 2020 prices from 2022 to 2023. (c) (5 points) Calculate Real GDP in 2023 prices for 2020 and 2021. (d) (5 points) Calculate the Consumer Price Index (CPI) for 2022 and 2023, using 2021 as the base year

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