Intermediate Macroeconomics

  Question 1. Using Table 1, fill in the blanks of Table 2. Show your work. Table 1. Year 2018 Year 2019 Good Quantity (Q) Price (P) Quantity (Q) Price (P) Apple 2,000 $20 2,500 $25 Wheat 1,000 $10 3,000 $10 Car 20 $20,000 20 $15,000 Table 2. Year Nominal GDP RGDP; Base Year=2018 RGDP; Base Year=2019 2018 2019 ECON3301- Fall 2021 SMU - SSB Page 2 of 3 Question 2. Using the previous question, fill in the blanks of Table 3. Show your work. Table 3. 2019 RGDP Growth, Base Year=2018 2019 RGDP Growth, Base Year=2019 2019 RGDP Growth, Chain-weighted