Using the data in the table below, to complete the tasks for this question.

	Data for 2019 (Base Year)	Data for 2020
	Quantity	Price	Quantity	Price
Potato	600	2.50	680	3.00
Rice	840	2.00	800	2.80
Computers	500	850	450	950
Cars	300	15,000	200	18,000

1. Calculate Nominal GDP for 2019 and 2020. (2 marks) Show your workings.

ANSWER a):

1. Calculate Real GDP for 2019 and 2020. (2 marks) Show your workings.

ANSWER b):

1. Calculate the GDP Deflator. (2 marks) Show your workings.

ANSWER c):

1. Identify 2 possible exclusions to GDP and discuss why they have to be excluded. (2.5 x 2 = 5 marks)