2020 2021

Q20 P20 Q21 P21

Apples 10 3 12 3
Robots 2 20 3 25

NGDP 2020 10*33+2*20=70 70

NGDP 2021 12*3+3*25=111 111
NGDP 2022 15*4+4*26=164 164

RGDP 2020 10*33+2*20=70 70 RGDP=NGDP base year

RGDP 2021 12*3+3*20=96 96
RGDP 2022 15*3+4*20=125 125

growth rate2020-21 (96-70)/70= 37.14285714286

growth rate2021-22 (125-96)/96= 30.20833333333

GDP deflator 2020 70/70*100 100 Base year PI=100

GDP deflator 2021 111/96*100 115.625
GDP deflator 2022 164/125*100 131.2

inflation 2020-21 (115-100)/100 0.15625 inflation rate=%change in GDP def

inflation 2021-22 (131-115)/115 0.14086957
 2022
Q22 P22
15 4
4 26

NGDP= sum(current P*current Q)

grNGDP 2020-21 (111-70)/70=
grNGDP 2021-22 (164-111)/111=

RGDP=sum (base year P*current Q)

growth rate =%change in GDP between two year *100

price level
price index GDP deflator
GDPdef=NGDP/RGDP*100 Consumer price index
Export PI
hange in GDP def Import PI
Industrial PI
0.58571429
0.47747748
Steps to calculate
consumer price index CPI per year base year
MB Q 2020
1) market basket coffee 10 10
2) check out prices pens 2 5
3) value of MB at current prices notebooks 2 5
4) value of MB at base year prices
5) calculate 1) MB value 2020 10*10+1*5+2*5=115
2) MB value 2021 10*12+1*5+2*6= 137
3) MB value 2022 10*15+1*8+2*10=178

CPI=MV current/Mv base*100

CPI2020 =115/115*100=100
CPI2021=137/115*100= 119,1304
CPI2022=178/115*100=154.7826

inflation 2020-21= (119.13-100)/100=0.1913

inflation 2021-22=(154-119)/100=0,35
 2021 2022
12 15
5 8
6 10

*10+1*5+2*5=115
*12+1*5+2*6= 137
*15+1*8+2*10=178

00)/100=0.1913