1. Complete the Table for Real GDP and Rate of Inflation (round to two
decimal places):
Nominal Price Real Rate of
Year GDP Index GDP Inflation
2016 13,939.0 116.6 _______
2017 14,526.5 117.9 _______ _______
2018 15,094.0 120.4 _______ _______
2019 15,706.9 122.7 _______ _______
2020 16,344.7 125.3 _______ _______
2. What is the rate of growth from 2016 to 2020 for: (round to two decimal
places):
a. Nominal GDP?
b. Real GDP?
c. Inflation?
3. Based on this data what can you say about the economy of Wessontonia?