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Consider the following information for an economy that produces only two goods, clothing and food. Using 2015 as the base year, calculate: i) the inflation rate (TT) using the GDP deflator, and ii) the growth rate of real GDP (gy) between 2016 and 2017. (Round calculations to one decimal) 2016 2017 2015 Price Quantity Price Quantity Price Quantity 30 5 40 45 Computers NOT 15 80 90 Food 50 O A. TT = 10%, gy = 12.5% O B. TT = -10%, gy= -8.0% O C. TT = 22.6%, gy = 15.3% O D. TT = -28.6%, gy= 12.5%For any year t, let $ Y denote nominal GDP and Y denote real GDP. The GDP deflator, denoted by Pt , can be expressed as OA. Y/SY OB. $Y XYt O c. Y - SYt OD. SY/Y If in year t nominal GDP is $7,300 and real GDP is $6,300, the GDP deflator is . (Round your response to two decimal places.) If the GDP deflator in the prior year 1.12, the inflation rate for year t is |%. (Round your response to one decimal place.) Time Remaining: 01: DD A DI F10 E9 E7 E6 F5 F4 F3 esc S % 8 O O @ 15