Table 1: Table 1 contains data for the country of X, which produces only waffles and pancakes. The base year is 2019. Pr

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Table 1 Table 1 Contains Data For The Country Of X Which Produces Only Waffles And Pancakes The Base Year Is 2019 Pr 1 (129.62 KiB) Viewed 23 times

Table 1: Table 1 contains data for the country of X, which produces only waffles and pancakes. The base year is 2019. Prices and Quantities Year Price of Quantity of Price of Quantity of Pancakes Waffles Waffles Pancakes 2018 $2.00 100 $1.00 100 2019 $2.00 120 $2.00 150 2020 $2.00 150 $3.00 200 2021 $4.00 180 $3.00 220 1. Calculate this country's nominal GDP in 2020 and 2021. 2. Calculate this country's real GDP in 2020 and 2021. 3. Calculate this country's GDP deflator in 2020 and 2021. 4. Calculate the growth of the country's output from 2020 to 2021. 5. Calculate this country's inflation rate from 2020 to 2021. (1 mark) (1 mark) (1 mark) (1 mark) (1 mark)