00:01
Hello, it is given that nominal gdp for the year 2020 is $400.
00:11
For 2021, it is $800.
00:16
And for 2022, it is $1 ,600.
00:20
The percentage change in nominal gdp in 2020 -2021 will be calculated by subtracting nominal gdp in 2021 minus nominal gdp in 2020, divided by nominal gdp in 2020, multiplied with 100.
01:00
Now we can put the value here.
01:02
So it will be 800 minus 400 divided by 400 multiplied with 100.
01:10
So it will come as 100%.
01:13
Percentage change in nominal gdp in 2020 -2022 will be calculated by subtracting nominal gdp in 2020 -2022 with nominal gdp in 2020 -2021, divided by nominal gdp in 2020 -2025, multiplied with 100.
01:47
Now we can put the value here.
01:50
So it will be 1 ,600 minus 800 divided by 800 multiplied with 100.
01:57
So it will come as 100%.
02:00
Real gdp for the year 2020 is $400.
02:07
For 2021, it is $800.
02:11
And for 2022, it is $800.
02:15
Percentage change in real gdp for 2020 -21 will be equal to real gdp in 2020 -21 minus real gdp in 2020, divided by real gdp in 2020...