Question: Y6 Question 1-3: GDP calculations Consider the following data, containing the quantities produced of final goods and the respective prices for an economy. Using the

Y6 Question 1-3: GDP calculations Consider the following data, containing the

quantities produced of final goods and the respective prices for an economy.

Question 1-3: GDP calculations Consider the following data, containing the quantities produced of final goods and the respective prices for an economy. Using the data below, fill up all the empty cells. Use 2 decimals in your calculations. 2020 2021 % Chg. Tons of oranges 4 12 200 Quantity of cars 10 12 20 Price of oranges 20 15 25 Price of cars 200 190 -5 Nominal GDP Constant-price GDP in 2020 prices Constant-price GDP in 2021 prices Chain-weighted real GDP (benchmark 2020) Based on your calculations, answer the questions below. Question 1. Between the 2 years, nominal GDP grew by ...? Question 2. The Fisher index (defined as the percent change in chain-weighted GDP) was...? Question 3. The inflation rate (based on chain-weighted GDP) was...?Question 1-3: GDP calculations Consider the following data, containing the quantities produced of final goods and the respective prices for an economy. Using the data below, fill up all the empty cells. Use 2 decimals in your calculations. 2020 2021 % Chg. Tons of oranges 4 12 200 Quantity of cars 10 12 20 Price of oranges 20 15 25 Price of cars 200 190 -5 Nominal GDP Constant-price GDP in 2020 prices Constant-price GDP in 2021 prices Chain-weighted real GDP (benchmark 2020) Based on your calculations, answer the questions below. Question 1. Between the 2 years, nominal GDP grew by ...? Question 2. The Fisher index (defined as the percent change in chain-weighted GDP) was...? Question 3. The inflation rate (based on chain-weighted GDP) was

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