The figures are invented. (i) An economy has consumption 620, investment 180, government spending 210, exports 140 and imports 170, in $ billion. Calculate its nominal GDP. [2] (ii) In a different economy nominal GDP rises from $1,000 billion in year 1 to $1,100 billion in year 2. The GDP deflator is 100 in year 1 and 108 in year 2. Calculate real GDP in year 2. [2]

Paper 2-style short part (standalone practice; not an IB question).