Question

NEED THIS ANSWERED ASAP - WILL MARK BRAINLIEST

Answer 1

Nominal GDP - $180, Real GDP - $200, Real GDP per captia - $4

Unemployment rate - 20%

Explanation:

Part B. Yes, the output produced by the Debbie computer software firm is included in the GDP of Pattiland. Here if goods and services are produced within the domestic boundaries of the country Pattiland, these will be included in the nominal GDP of the country even if the firm belongs to other country.

C. GDP deflator in 2015 = 110

GDP deflator in 2016 = 90

The Pattiland is experiencing Deflation. Deflation is the decrease in the price leve when inflation falls below 0% level. Here In GDP deflator index 100 value denotes no inflation. when GDP deflator rises above 100 value there is increase in inflation in the economy. And when it falls below 100 base value , it reflects deflationary situation.