a. national saving. PART II. WRITING EXERCISE (4 points): Supposc nominal GDP and CPI of ORANGE country is given as belo
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a. national saving. PART II. WRITING EXERCISE (4 points): Supposc nominal GDP and CPI of ORANGE country is given as belo
a. national saving. PART II. WRITING EXERCISE (4 points): Supposc nominal GDP and CPI of ORANGE country is given as below: Criterion Year 2010 Year 2011 Year 2012 Year 2013 Year 2014 Year 2015 1020 1152 880 600 514 NominalGDP (bills $) 760 110 150 160 125 80 100 CPI (%) a. According to you, which is the base year chosen by ORANGE country? Why? [1point] b. Compute real GDP of ORANGE in the year 2015. [1 point] c. Compute the economic growth rate of ORANGE in the year 2015 (1 point] d. Compute the inflation rate of ORANGE in the year 2015 (1 point] VSWER:
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