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Consider an economy that produces four goods: Bananas, cars, computers, and machines.
Consider an economy that produces four goods: Bananas, cars, computers, and machines.Ta-ble 1shows the evolution of the quantities produced between 2014 and 2017, while Table 2shows the evolution of prices. For this question it is recommended to download the tables from canvas and do the calculations in Excel. You can present all the results in two tables: one for GDP and the other for growth rates.
(a) Compute the nominal GDP.
(b) Compute the real GDP at 2014 prices.
(c) Compute the real GDP at 2017 prices.
(d) Compute the real GDP with chained-weight with 2014 as base year.
(e) Compute the growth rate for the series calculated in the previous parts and explain where are the differences are coming from