In the year 2013, the economy produces 100 loaves of bread that sell for $2 each. In

Question:

In the year 2013, the economy produces 100 loaves of bread that sell for $2 each. In the year 2014, the economy produces 200 loaves of bread that sell for $3 each. Calculate nominal GDP, real GDP, and the GDP deflator for each year. By what percentage does each of these three statistics rise from one year to the next?