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need help and explanation . Below are nominal GDP and GDP deflator for four years. Nominal GDP in GDP Year billions Deflator 2010 $25,000 100

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. Below are nominal GDP and GDP deflator for four years. Nominal GDP in GDP Year billions Deflator 2010 $25,000 100 2011 12,000 107 2012 16,490 105 2013 17,800 111 I Calculate real GDP each year. Calculate the inflation rate for each year. Did the percentage change in nominal GDP exceed the percentage change in real GDP in any of the last three years listed? Show your calculations. Bonus: In which year did society's welfare increase the most? (2pts) . In year 1, nominal GDP is $14 trillion, and the GDP deflator is 122.5. In year 2, nominal GDP is $14 trillion, and real GDP is $12 trillion. Calculate: (5pts) . Real GDP for year 1 and year 2. . Inflation between year 1 and year 2. While Jon I walking to school one moming, a helicopter flying overhead drops a $100 bill. Not knowing how to return it, Jon keeps the money and deposits it in his bank. If the bank holds 5% of its money in reserves: . How much money can the bank initially lend out? . After this initial transaction, by how much is the money in the economy changed? What's the money multiplier? . How much money will eventually be created by the banking system from Jon's $100? . Suppose there are 90 million people not in the labor force; 144.0 million in the civilian labor force, and 130.9 million employed. Based on these numbers, what is the rate of unemployment? . Discuss what would happen to unemployment if the participation rate falls and the employment rate stays the same

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