The table below contains data for a country which produces c…

The table below contains data for a country which produces cars and books.  The base year is 2016. part d: What were the growth rates of nominal GDP, real GDP, and the GDP deflator from 2017 to 2018? (round to one decimal place) Year Price of a Car Quantity of Cars Price of a Book Quantity of Books 2016 $6,000 4 $10 1800 2017 $6,000 5 $11 2000 2018 $6,200 5 $12 2000

The table below applies to an economy with only two goods —…

The table below applies to an economy with only two goods — tacos and burritos. The fixed basket used in constructing the Consumer Price Index consists of 2 tacos and 1 burrito. The base year is 2020. part a: What was the CPI in 2020, 2021, and 2022? (round to one decimal place) Year  Price of a taco Price of a burrito 2020 $4.00 $8.00 2021 $4.10 $8.50 2022 $4.00 $8.50