Given the below information, find the nominal GDP for all four quarters. Find the price index for all four quarters. Find real GDP for all four quarters. Find the percent rate of change in real GDP from the first to the second quarter then from the second to the third quarter then from the third to the fourth quarter. Using real GDP from the third to the fourth quarter, state how long it will take for real GDP to double in size. Show all work and take all steps. GDP = C + Ig + G + NX Price Q1 300 70 170 30 $4 Q2 370 130 230 30 $5 Q3 430 170 270 30 $6 Q4 570 230 370 30 $7

Given the below information, find the nominal GDP for all four quarters. Find the price index for all four quarters. Find real GDP for all four quarters. Find the percent rate of change in real GDP from the first to the second quarter then from the second to the third quarter then from the third to the fourth quarter. Using real GDP from the third to the fourth quarter, state how long it will take for real GDP to double in size. Show all work and take all steps.

GDP = C + Ig + G + NX Price

Q1 300 70 170 30 $4

Q2 370 130 230 30 $5

Q3 430 170 270 30 $6

Q4 570 230 370 30 $7

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