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GDP Deflator 6. Fill in the blanks in the following table: GDP Statistics 2014 2015 2016 Nominal GDP 17,522 18,707 Real GDP 16,900 17,387 GDP

GDP Deflator 6. Fill in the blanks in the following table: GDP Statistics 2014 2015 2016 Nominal GDP 17,522 18,707 Real GDP 16,900 17,387 GDP Deflator 104.8 105.9 7. Use the following data to compute the College Price Index for 2017 using the base 1987 = 100 Item Price in 1987 Quantity in 1987 Price in 2017 Shirts 10 1 25 Loafers 25 55 Sneakers 10 3 35 Textbooks 12 12 40 Jeans 12 3 30 Restaurant Meals 5 11 14

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