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17. Use the chart below to complete the following question. Base year is 2020. Show your work and round to whole numbers. Year Quantity Price

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17. Use the chart below to complete the following question. Base year is 2020. Show your work and round to whole numbers. Year Quantity Price of Quantity Price of Quantity Price of of Coffee Coffee of Muffins Muffins of Biscotti Biscotti 2020 2 $1 2 $3 $3 2021 2 $2 $3 3 $2 2022 3 $3 2 $4 2 $5 a) Calculate Nominal GDP. i. 2020 - ii. 2021 - iii. 2022 - b) Calculate Real GDP. i. 2020 - ii. 2021- iii. 2022 - c) Calculate GDP Deflator. i. 2020 - ii. 2021 - iii. 2022

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