13 The economy of Sumer produces only three products: rice, pajamas, and beer. The base year is 2018. The quantities and prices ofthese products in 2018 and 2019 are shown in the table below.2018ATION SCHOOLresRicePajamasBeerTotalNominal GDPReal GDPAFYQuantity418210120ItemRicePajamasBeerTotal$$Price$51020QuantityNominal GDP2018$a. Complete the table above. Calculate the nominal and real GDPs for the two years and enter the values in the table below.$$2018 PriceQuantity4502401252019b. The value of the GDP deflator for 2019 isAnswer to one decimal place.c. Supposing the average inhabitant of Sumer consumes 12 units each of beer and rice and 2 units of pajamas each year, complete thefollowing table.2018 Basket costPrice$5.51222< Prevd. The value of the CPI for 2019 is. Answer to one decimal place.O Search2019 Price2019Nominal GDP13 of 14$www2019 Basket costPrice$510SAMSUNG$Next >Real GDP

The economy of Sumer produces only three products: rice, pajamas, and beer. The base year is 2018. The quantities and price these products in 2018 and 2019 are shown in the table below. 2018 Jil Seas Rice Pajamas Beer Total Item Quantity 410 210 Rice Pajamas Beer 120 Total Price $5 10 20 $ $ Quantity 2018 Nominal GDP $ d. The value of the CPI for 2019 is 2018 Price a. Complete the table above. Calculate the nominal and real GDPs for the two years and enter the values in the table below. Quantity 450 240 125 $ $ 2019 Nominal GDP Real GDP b. The value of the GDP deflator for 2019 is Answer to one decimal place. c. Supposing the average inhabitant of Sumer consumes 12 units each of beer and rice and 2 units of pajamas each year, complete t following table. Price $5.5 12 22 2018 Basket cost < Prev 2019 Price Answer to one decimal place. 2019 Nominal GDP $ 13 of 14 Price $5 2019 Basket cost 10 Next > 20 $ Real GDP