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1. The following is a table of GDP statistics for some country: Year 2014 2015 2016 Nominal GDP 17.522 18.707 Real GDP 16.900 17,387 GDP

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1. The following is a table of GDP statistics for some country: Year 2014 2015 2016 Nominal GDP 17.522 18.707 Real GDP 16.900 17,387 GDP Deflator 104.8 105.9 a) Fill in the blanks in the table. b) Compute the percentage change in the nominal GDP and real GDP from 2014 to 2015 and 2015 to 2016. c) What price index is used in this example and what is the inflation rate from 2014 to 2015

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