Question 1

The table below indicates the price and output data over a four-year period for an economy that produces only one good.

Year	Units of output	Price per unit
2011	206	402
2012	212	408
2013	212	443
2014	212	499

Refer to the above data. If year 2013 is chosen as the base year, the price index for year 2011 is _______________.

Question 2

The table below indicates the price and output data over a four-year period for an economy that produces only one good.

Year	Units of output	Price per unit
2017	811	327
2018	788	449
2019	680	340
2020	880	433

Refer to the above data. If year 2018 is chosen as the base year, real GDP in year 2020 is ___________________.

Question 3

Refer to the information below. The gross domestic product for this economy is:

Exports	127
Government expenditures	295
Wages, salaries, and supplementary labour income	670
Net investment	219
Personal consumption expenditures	706
Government transfers	352
Capital depreciation	94
Imports	55
Income taxes	94
Corporate profits before taxes	246

Question 4

Year	Nominal GDP	Price index
1990	696	100
1991	525	110
1992	568	111
1993	794	105

For the above economy, 1990 is chosen as the base year. Real GDP in year 1993 is ___________________.

Question 5

In Coconut Island, gross investment in year 2019 was 137 and depreciation was 53. Net investment in year 2019 was ____________________.

Question 6

Year	Nominal GDP	Real GDP
2001	690	606
2002	668	629
2003	791	750

Refer to the above data. From year 2001 to year 2003, prices changed by ____________ percent.

(e.g. If your answer is -5.70%, write -5.70)