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ASSIGNMENT 1. Calculate the GNP Deflator for each year 1980 1990 2006 Real GNP (in billions of $) 869.24 1285.51 1680.65 Nominal GNP 616.5 1092.1

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ASSIGNMENT 1. Calculate the GNP Deflator for each year 1980 1990 2006 Real GNP (in billions of $) 869.24 1285.51 1680.65 Nominal GNP 616.5 1092.1 2826.6 2. Compute Real GNP for each year: 1980 1990 2006 Nominal GNP (in billions of $) 706.5 1002.8 4636.1 GNP Deflator 78.66 94.43 277.36

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