Question: please explain clearly 3) Answer the following questions relating to the GDP concepts: 3.1 When researchers compared GDP of one country in the 1$ quarter

please explain clearly 3) Answer the following questions relating to the

please explain clearly

3) Answer the following questions relating to the GDP concepts: 3.1 When researchers compared GDP of one country in the 1$ quarter of year 2021 and the 1" quarter of year 2022, they found that Nominal GDP of that country significantly increases but Real GDP decreases. Do you think that the economic situation of this country has been better or worse? Clearly explain your answer. 3.2 Give 2 possible reasons why higher Real GDP (from year to year) of a country may link to the situations that the welfare of most people in that country is worse off. Examples from real events must be used to support your answers. (15 points)

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