Indolaysia's Nominal GDP in 2017 was 240 billion pesos (their national currency). In 2018 the Nominal GDP was 280 billio

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Indolaysia S Nominal Gdp In 2017 Was 240 Billion Pesos Their National Currency In 2018 The Nominal Gdp Was 280 Billio 1 (69.17 KiB) Viewed 10 times

Indolaysia's Nominal GDP in 2017 was 240 billion pesos (their national currency). In 2018 the Nominal GDP was 280 billion pesos. The peso converts to the U.S. dollar at 4 pesos = $1 U.S. A representative basket of goods that costs $1000 in the U.S. costs 2,000 pesos in Indolaysia. The population of Indolaysia is 20 million. The CPI in 2017 was 120. The CPI in 2018 was 130. Calculate the following: (5 marks) a) Indolaysia's Nominal GDP for 2018 in International dollars b) Indolaysia's GDP (PPP) for 2018 in International dollars_ c) The inflation rate in 2018 d) Indolaysia's Nominal GDP growth rate in 2018. e) Indolaysia's Per Capita GDP (PPP) in 2018.