3) Using the GDP Deflator, calculate the following in (B) billions:

ConsumerGovernmentInvestmentNet Exports

2019:QPQPQPQP

15 B$35.0022 B$7.0019 B$5.00-7 B$4.00

2018:QPQPQPQP

11 B$32.0021 B$6.0016 B$8.00-3 B$5.00

What is the GDP Deflator?

4) Give an estimate of actual 2019 GDP for China, Japan, Canada and Mexico, and compare it to the U.S. What is your analysis?

I understand that I have to use the GDP Deflator but I am unsure on how to go about this problem. Am I suppose to find the nominal and real GDP for each consumer, government, investment, and net exports? And compare each year to find the GDP Deflator? I am not sure if I articulated this right but overall I need help! Thank you in advance for your help!