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Nominal GDP Real GDP Year (Dollars) (Dollars) GDP Deflator 2020 400 400 100 2021 800 800 100 2022 1,600 800 200 Compute the percentage change

Nominal GDP Real GDP Year (Dollars) (Dollars) GDP Deflator 2020 400 400 100 2021 800 800 100 2022 1,600 800 200 Compute the percentage change in nominal GDP, real GDP, and the GDP deflator in 2021 and 2022 from the preceding year. Percentage Change In... Year Nominal GDP Real GDP GDP Deflator 2021 % % % 2022 % % From 2020 to 2021, prices did not change; and from 2021 to 2022, output levels _ did not change. Comparing the changes in 2021 and 2022, economic well-being increased more in 2022 V

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