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10. The following data show nominal GDP and the appropriate price index for several years. Compute real GDP for each year and indicate whether you

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10. The following data show nominal GDP and the appropriate price index for several years. Compute real GDP for each year and indicate whether you have "inflated" or "deflated" nominal GDP in finding real GDP. All GDP are in billions. Nominal Price level Inflated (1) Deflated (D) YearGDP $117 2 124 3 143 index 120 104 85 96 112_ 143 Real GDP 149 178 220 5

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