Given the following data for the economy of Sinlandia:
(a)Nominal GDP 1985 =$165b
(b)Nominal GDP 1995 =$185
(c)GDP deflator 1985 =95
(d)GDP deflator 1995=120
(e)Population 1985= 8m
(f)Population 1995 = 6m
(g)Capital Consumption Allowances 1995=$10b
(h)Savings 1985=$85b
(i)Savings 1995 =$75b
(j)Subsidies 1995=$6b
(k)Indirect taxes =$2.5b
(l)Net factor payments from abroad 1985=-$35b
(m)Net factor payments from abroad 1995=$65b
Using the data provided above, calculate the following:
a. Calculate the growth rate of nominal GDP and constant GDP for the period 1985-1995
b. Calculate the growth rate of nominal GDP and constant GDP per capita for the period 1985-1995
c. What is the current GNP in 1985 and 1995?
d. Calculate the growth rate of nominal GNP and constant GNP per capita for the period 1985-1995