Question: Describe nominal GDP, real GDP, growth rate, GDP deflator. Graph nominal GDP, real GDP, growth rate, GDP deflator. (cover at least 10 years). Comment

Describe nominal GDP, real GDP, growth rate, GDP deflator. Graph nominal GDP, real GDP, growth rate, GDP

Describe nominal GDP, real GDP, growth rate, GDP deflator. Graph nominal GDP, real GDP, growth rate, GDP deflator. (cover at least 10 years). Comment on the evolution of them. 2. Describe CPI, PPI, and inflation. Graph CPI, PPI, and inflation (cover at least 10 years). Comment on the evolution of CPI, PPI, inflation. 3. Describe unemployment and labor force participation. Graph unemployment (cover at least 10 years). Comment on the evolution of labor force participation, unemployment. 4. How do imports affect the GDP level of a country? 5. How can immigration into a country affect the unemployment level. Use the concepts of employment, unemployment and labor force.

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