Question: I need help solving 1) Calculate the nominal GDP for Slippery Rock (a small island nation in Pacific Ocean). Use the data below. [12 pts]

I need help solving

I need help solving 1) Calculate the nominal GDP for Slippery Rock

1) Calculate the nominal GDP for Slippery Rock (a small island nation in Pacific Ocean). Use the data below. [12 pts] Federal Government Purchases $1,200 Durable Goods $1,000 Fixed Investment $1,800 Imports into the U.S. $2,600 Changes to Business Inventory $35 Investments in Stocks and Bonds $5,500 Consumer Services $7,000 State/Local Government Purchases $1,800 Social Security payments $575 Nondurable Goods $2,500 Exports from the U.S. $2,000 A) Consumer spending is what percent of GDP? B) The price level in Slippery Rock in 2017 was 115. Calculate the Real GDP for 2017. C) Real GDP in 2019 was $13,678. How much was real economic growth during this time

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