Question

Year	Quantity Goods	Quantity Services	Price Goods	Price Services
2010	2000	6200	2	1.5
2011	2200	6400	2.11	1.65
2012	2500	6750	2.15	1.65
2013	2505	7100	2.3	1.9
2014	2700	7300	2.35	2
2015	3050	8000	2.5	2
2016	3100	8450	2.65	2.1
2017	3500	8650	2.7	2.15

Suppose that one half of all goods produced and one quarter of all services produced in each year are intermediate goods and intermediate services respectively. Let the base year be 2015.

Re-calculate nominal GDP, real GDP, the GDP deflator, and their annual average growth rates, under this assumption

Answer 1