Question: Using the gross Value added method: Calculate GDP Activity Cost of Outputs Cost of Inputs Gross Value Added Pineapple farmer 5 2 Juice Factory 10

Using the gross Value added method: Calculate GDP

Activity Cost of Outputs Cost of Inputs Gross Value Added
Pineapple farmer 5 2
Juice Factory 10 5
Supermarket 20 10
Bar 35 20
TOTAL 33

4.Differentiate between Nominal and Real GDP

5. Calculate Real and Nominal GDP, given the following data

The base year price for real GDP is 2005

6. Calculate the growth rate for real GDP between 2005 and 2006

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