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Consider the following economy: Base Year Year 2017 2018 2019 2020 2021 Price 1 3.12 3.15 3.17 3.2 3.22 Quantity 1 200 210 215 220

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Consider the following economy:

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Base Year Year 2017 2018 2019 2020 2021 Price 1 3.12 3.15 3.17 3.2 3.22 Quantity 1 200 210 215 220 230 Price 2 4.1 4.11 4.54 4.59 4.79 Quantity 2 154 154 159 161 163 Price 3 3.5 3.5 3.62 3.7 3.85 Quantity 3 99 102 101 102 102Year Nominal GDP Real GDP GDP Deflator

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