Nominal GDP Real GDP Year (in $billion) (in $billion) 2015 $600 $600 2016 648 629 2017 701 658 2018 755 699 5) Refer to the information above to answer this question. What is the value of the GDP deflator in 2016? A) 108.2 B) 103.0 C) 100.0 D) 93.9 E) 104.6 6) Refer to the information above to answer this question. What is the value of the GDP deflator in 2017? A) 95.0B) 106.2 C) 107.7 D) 100.0 E) 106.5 7) Refer to the information above to answer this question. What is the value of the GDP deflator in 2015? A) 104.8 B) 100.0 C) 108.0 D) O E) Cannot be determined from the information 8) Which of the following movements is associated with a decrease in Potential GDP? A) From PP1 to PP2. B) From C to D. C) From A to B. D) From D to B