Billions of dollars Billions of chained (2000) dollars Consumption Expenditures 8742.4 7841.2 Gross private domestic 2057.4 1866.3 investment Government expenditures 2372.8 1958.0 Net exports of goods and -716.7 -619.2 servicesCompute nominal GDP in 2005 Compute real GDP in 2005 Why do these two measures differ? Why do we compute both? Compute the GDP deflator in 2005. Use this also to compute the inflation rate from 2000 to 2005. Was there inflation or deflation