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Assume 2018 is the base year with a CPI of 100, complete the following table. Show ALL your
work and round your final answer to 2 decimals.
Year
Cost of Basket
CPI
Nominal GDP
Real GDP
2018
$140
?
$1,500
?
2019
?
125
$1,400
?
2020
$225
?
?
$1,200
2021
$98.25
?
$755
?
2022
?
37.36
?
$2,650
Year Cost of Basket CPI Nominal GDP Real GDP
2018 $140 ? $1,500 ?
2019 ? 125 $1,400 ?
2020 $225 ? ? $1,200
2021 $98.25 ? $755 ?
2022 ? 37.36 ? $2,650

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Assume 2018 is the base year with a CPI of 100 complete the.pdf

  • 1. Assume 2018 is the base year with a CPI of 100, complete the following table. Show ALL your work and round your final answer to 2 decimals. Year Cost of Basket CPI Nominal GDP Real GDP 2018 $140 ? $1,500 ? 2019 ? 125 $1,400 ? 2020 $225 ? ? $1,200 2021 $98.25 ? $755 ? 2022 ? 37.36 ? $2,650 Year Cost of Basket CPI Nominal GDP Real GDP 2018 $140 ? $1,500 ? 2019 ? 125 $1,400 ? 2020 $225 ? ? $1,200 2021 $98.25 ? $755 ? 2022 ? 37.36 ? $2,650