Question: In 1990, Pakistan's total nominal GDP was $34,050 million. In 2000, total nominal GDP had increased to $51,920 million.
a. What was the total percentage change in nominal GDP between 1990 and 2000?
b. What was the percent change, on average, per year of nominal GDP over the decade?
c. Now determine real (constant price) GDP in 2000 calculated at 1990 prices, given that the price index in 1990 = 100 and in 2000 = 215.9.
d. What was the percent change in real GDP between 1990 and 2000, both in total and the per year average?