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Question 1 (Comprehending) Given the information in the table below for three consecutive years in the Australian economy, calculate the missing data. Year Nominal Real

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Question 1 (Comprehending) Given the information in the table below for three consecutive years in the Australian economy, calculate the missing data. Year Nominal Real GDP GDP Inflation (% Real GDP Population GDP ($b)n ($b)n Deflator change in the per capita ($) (year 2 100) GDP (million) deflator) 553.7 1.3 18.31 2 540 100 1.2 29158 18.52 0.2 18.75

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