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Complete the table below calculating Real GDP for all years (show your work for at least one year!) and answer the following: Nominal GDP, Deflator,
Complete the table below calculating Real GDP for all years (show your work for at least one year!) and answer the following: Nominal GDP, Deflator, and Real GDP Year Nominal GDP (billions of dollars) GDP Deflator Real GDP 2010 7,000 100 2011 8,350 111.3 2012 9,740 116.6 2013 10,120 107.5 2014 11,111 102.4 2015 12,582 109.7 By looking at the table, which year is the Base Year? Justify your answer! Calculate the Real GDP growth from 2010 to 2015. Show your work! NOTE: this is a file upload question. Simple work your answer on an excel file and upload it or work the question in a piece of paper, take a picture and upload the file
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