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SECTION B: SHORT ANSWER QUESTIONS (5 MARKS) 1. The table below shows the data of one country in 2019 and 2020: Year | Real GDP (billions) | GDP Deflator (base year 2000) 2019 | $10250 150 2020 $12120 182 Required: a) Calculate nominal GDP in 2019 and 2020? (0.5 marks) b) Calculate the growth rate of real GDP and GDP deflator in 2020? (0.5 marks) c) Calculate the growth rate of nominal GDP and compare with growth rate of real GDP (0.5 marks) d) Explain the differences in part (c). Which growth rate is better to show the economic performance of a nation? Why? (0.5 marks)