Consider the economy from exercise 4. Calculate the inflation rate for the 2016€“2017 period using the GDP deflator based on the Laspeyres, Paasche, and chain-weighted indexes of GDP.
Exercise 4
Consider an economy that produces oranges and boomerangs. The prices and quantities of these goods in two different years are reported in the table below. Fill in the missing entries.

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Percentage change 2016-2017 2016 100 20 2017 105 Quantity of oranges Quantity of boomerangs Price of oranges (dollars) Price of boomerangs (dollars) Nominal GDP Real GDP in 2016 prices Real GDP in 2017 prices Real GDP in chained prices, 3.10 benchmarked to 2017