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Calculate economic growth-percentage change

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Here are the national accounts for the Republic of Giarc, an archipelago in the West Afrikan Sea. Price of Quantity Price of Quantity Price of Quantity Year coffee of coffee cheese of cheese wine of wine 2018 20 100 12 125 25 100 2019 22 110 15 130 32 80 2020 25 120 18 120 35 60

a. Calculate economic growth: the percentage change in real GDP for 2019-2020.

b. Calculate economic growth: the percentage change in real GDP for 2018-2019.

c. Calculate inflation: the percentage change in GDP deflator for 2019-2020.

d. Calculate inflation: the percentage change in GDP deflator for 2018-2019.

Reference no: EM133078417

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