Be sure to add your own country name and products! Be creative. Hopefully production quantities increase year over year (as your PPC grows), and prices likely increase year over year (due to inflation). COUNTRY Year 1 Year 2 Year 3 NAME Price Quantity Price Quantity Price Quantity Product 1 $2 100 $2.50 100 $3 100 Product 2 $10 50 $ 11 60 $12 70 Product 3 $100 8 $105 10 $110 9 COUNTRY Nominal GDP Real GDP GDP Deflator % inflation % growth NAME compared to compared to (add the (add the Base Year Base Year products of products of (use GDP (use Real all current all current Deflator GDP year year numbers) numbers) quantities quantities and current and base year prices) year prices) Year 1 NA NA Year 2 Year 3 3. What is the inflation percentage from Year 2 to Year 3 (NOTE: you must use the percent change formula -- you may not just subtract one from the other) What is the percent change in real GDP from Year 2 to Year 3? (NOTE: you must use the percent change formula -- you may not just subtract one from the other) What is the difference between the inflation percentage and the percent change in real GDP? When would each number be most helpful