7.If the nominal GDP is $559 billion in the base year, and it rises to 577 in year 1, and 605 in year 2, what is the real GDP in each year, given

7.If the nominal GDP is $559 billion in the base year, and it rises to 577 in year 1, and 605 in year 2, what is the real GDP in each year, given that the price index has risen from 100 in the base year to 104.5 in Year 1 and up to 108.3 in Year 2? If the price index 20 years before the base year was 41.2, and the nominal GDP for 20 years before the base year was 191.0, what was the real GDP for that year? Show your work in all cases. (10 marks)8.In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys. If government policy can provide good schools and encourage girls to take advantage of them, (10 marks)a.describe two ways in which greater education opportunities for girls could lead to faster economic growth.b.explain what will happen to potential GDP.c.explain what will happen to employment.d.explain what will happen to real wage rate

 
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