Fill in the blanks in the table below. Nominal Population growth 3% 0% Country Inflation Real GDP GDP growth growth per capita Svea 4% -1% Bonifay 2% 0% Chaires 2% 8% 3% Drifton 3% 2% -2% Estiffanulga 8% 3% 4%
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- ) Draw the table below in your answer booklet ai1d fill in columns'4, 5 and 6 to answer parts (i, ii, iii below) . Table: macroeconomic data for J(enya f'rom 2009-2014 Year Nominal GDP GDP Deflator Real GDP Real growth of output Inflation rate 2009 72923.06 787 100.00 20 i.O 78587.49261 102.09 2011 89954.66291 113.11 2012 1001.61.0889 123.72 2013 108273.9543 129.97 20]4 119421.4024 139.75 1. Calcul a te the annual real GDP for the period 2009 to 2014 2. Calculate the annual real growth rate of output for the period 2009 to 2014 3. Calculate the inflation rate for the period 2009 to 2014Consider the following data on the Pakistan economy:Nominal GDP GDP Deflator Year (in billions of rupees) (base year 2012)2018 21,501 111.4 1998 9,163 76.3 i. What was the growth rate of nominal GDP between 1998 and 2018? (Hint: The growth rate of a variable X over an N-year period is calculated as [(Xfinal/Xinitial)1/N – 1] x 100). ii. What was the growth rate of the GDP deflator between 1998 and 2018? iii. What was real GDP in 1998 measured in 2012 prices? iv. What was real GDP in 2018 measured in 2012 prices? v. What was the growth rate of real GDP between 1998 and 2018? vi. Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP? Explain.Cosider the following data on U.S GDP:a.What was the growth rate of nominal GDP between 1994 to 2014?b.What was the growth rate of the GDPdeflator between 1994 to 2014?c.What was the real GDP in 1994 measured in 2009 prices?d.What was the real GDP in 2014measured in 2009 prices?e.What was the growth rate of the GDP between 1994 to 2014?f.Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP?Explain.