Answer the following questions from The Problems and Applications section at the end of the chapter. On question #5 (b), notice that it calls for a GDP deflator calculation. Question 5 shows the differences between the CPI numbers and the GDP deflator numbers. Contact me with any questions. You must show your math/work for how you got all your answers to get the points. Make sure you do this.
1. Answer Problems and Applications # 2 on page 224. (10 points).
2. Answer Problems and Applications # 5 on page 224. (15 points).
3. Answer Problems and Applications # 7 on page 224. (5 points).
the book you will need for this assignment is called, Principles of Macroeconomics – 10th Edition, by N. Gregory Mankiw (2024). Published by Cengage Learning. ISBN: 978-0-357-72296-1.