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Qu.2 Consider the following table from Source: 5220.0 Australian National Accounts: State Accounts, Table 7 - Tasmania, that gives nominal GSP (current prices) and real

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Qu.2 Consider the following table from Source: 5220.0 Australian National Accounts: State Accounts, Table 7 - Tasmania, that gives nominal GSP (current prices) and real GSP (chain volume) for Tasmania. Tas GSP (Current Prices) Tas GSP (Chain Volume) Jun-2017 28931 30019 Jun-2018 30263 30975 Jun-2019 31993 31993 Jun-2020 32904 32102 a) Calculate the implicit GSP price deflator. Feel free to use MS Excel. b) Calculate the growth rate in Nominal GSP, Real GSP and the price deflator. c) What do you notice about the sum of the Real GSP and price deflator growth rates

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