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2. Assume the following data for country Y. Also assume year 0 is the base year. Calculate the GDP deflator for each year and annual

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2. Assume the following data for country Y. Also assume year 0 is the base year. Calculate the GDP deflator for each year and annual inflation rate for year 1 and year 2. Q pizzas P pizza Q beer P beer Q wine P wine Year 0 2,000 126 3,000 1.25E 3,000 22.56 Year 1 2,500 12.86 3,500 1.56 2,700 216 Year 2 2,400 12.56 3,700 2E 2,500 206

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