4. From the table below, compute the following: a. Compute the missing numbers of real GDP in 2017 and 2018, and the missing numbers for deflator in 2016 and 2020. b. Calculate the real GDP growth between 2016 to 2020. Nominal GDP (Billion SR800 Deflator Real GDP (Billion) SR800 Year 2016 2017 2018 2020 SR850 SR900 106.3 112.5 SR1000 SR870

Brief Principles of Macroeconomics (MindTap Course List)
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ISBN:9781337091985
Author:N. Gregory Mankiw
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Chapter5: Measuring A Nation's Income
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4. From the table below, compute the following:
a. Compute the missing numbers of real GDP in 2017 and 2018, and the
missing numbers for deflator in 2016 and 2020.
b. Calculate the real GDP growth between 2016 to 2020.
Year
Real GDP
(Billion)
SR800
Nominal GDP
Deflator
2016
2017
(Billion
SR800
SR850
106.3
112.5
2018
2020
SR900
SR1000
SR870
Transcribed Image Text:4. From the table below, compute the following: a. Compute the missing numbers of real GDP in 2017 and 2018, and the missing numbers for deflator in 2016 and 2020. b. Calculate the real GDP growth between 2016 to 2020. Year Real GDP (Billion) SR800 Nominal GDP Deflator 2016 2017 (Billion SR800 SR850 106.3 112.5 2018 2020 SR900 SR1000 SR870
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