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Year Price of Milk 2020 2021 2022 1 1 2 Quantity of Milk 100 quarts 200 200 Price of Honey 2 2 4 Quantity of Honey 50 quarts 100 100 1

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Year Price of Milk 2020 2021 2022 1 1 2 Quantity of Milk 100 quarts 200 200 Price of Honey 2 2 4 Quantity of Honey 50 quarts 100 100 1. Compute the nominal GDP real GDP, and GDP Deflator for each year using 2020 as the base year. 2. Compute the growth rate of nominal GDP, real GDP and GDP Deflator for 2021 and 2022 using the preceding year. Variable GDP Consumption Investment Government Purchases Net Exports Exports Imports Total 20,501 13,952 ? 3,523 -626 ? 2000 3. Using the information from the above table, calculate the following: a. Investment b. Exports