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Apples Muffins Price Quantity Price Quantity Year (Dollars per apple) (Number of apples) (Dollars per muffin) (Number of muffins) 2014 145 2 195 2015 2

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Apples Muffins Price Quantity Price Quantity Year (Dollars per apple) (Number of apples) (Dollars per muffin) (Number of muffins) 2014 145 2 195 2015 2 165 225 2016 3 110 4 165 Use the information from the preceding table, calculate the Nominal GDP, Real GDP and GDP deflator in year 2015. Nominal GDP in 2015 = $ Blank 1 Real GDP in 2015 = $ Blank 2 GDP deflator = Blank 3 Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your

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