The table below shows the total population, GDP per capita at current prices and according to fixed price (constant) from 2018-2020 for country X. Year GDP percapita GDP percapita Total Population current price contant price (in RM million) (in RM million) 2018 174960 41920 27320 2019 178460 46110 29230 2020 182030 49800 30690 Calculate GDP at current price and GDP at constant price for each year in the table above. Calculate inflation rate and economic growth rates for 2019 and 2020. a. b.

The table below shows the total population, GDP per capita at current prices and according to fixed price (constant) from 2018-2020 for country X. Year GDP percapita GDP percapita Total Population current price contant price (in RM million) (in RM million) 2018 174960 41920 27320 2019 178460 46110 29230 2020 182030 49800 30690 Calculate GDP at current price and GDP at constant price for each year in the table above. Calculate inflation rate and economic growth rates for 2019 and 2020. a. b.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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