2017 30 15 2018 40 10 135 20 pas yer of * Calcute grow the rate...

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Answer 1

Answer #1

GDP = PRICE * Quantity

2017 = (15*30)+(10*40)= 850

2018 = (40*25)+(20*35) = 1700

(1700-850)*10/850 = 100%

then first we need real GDP of 2018 :- (quantity of 2018* Price of 2017)

= (15*25)+(10*35)= 375+350 = 725

Now

GDP DEFLATOR OF

2017:- 850*100/850 = 100

2018 = 1800*100/725 = 248.28

% change in Deflator = (248.28-100)*100/100 = 148.28%

I hope my efforts will be fruitful to you...?

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Answer 2

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