Requirements of the Exercise:

Look for figures/ data related to:

1. Nominal GDP, real GDP (according to the original year chosen by yourself)
and calculating the GDP deflator index of an economy that you want to
analyze from 2000 to 2021. Let's calculate the inflation rate of this
economy according to this GDP deflator index.
- find data related to an economy of a country on the government website
from 2000 to 2021.
- calculate the nominal/real GDP, GDP deflator and inflation rate
Hint: look for data of Vietnam's economy on www.gso.gov.vn
2. The CPI of the above economy in the period from 2000 to 2021. Calculate
the inflation rate of this economy according to the CPI.
- calculate CPI based on the above data and inflation rate
3. Let's draw a graph showing the change in the inflation rate calculated in
sentence (1) and sentence (2)
- draw a graph
4. Please comment on the change in the inflation rate of the above economy
and give a statement explaining the difference in the inflation rate in two
calculations in sentence (1) and sentence (2).