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Question 2: The following spreadsheet shows the statistics for three different products sold in South Africa between 2015 and 2019. Calculate the GDP deflator for

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Question 2: The following spreadsheet shows the statistics for three different products sold in South Africa between 2015 and 2019. Calculate the GDP deflator for each year (45 marks) 2015 2016 2017 2018 2019 kuend Nominal Real Quantity Nominal Quantity Real Nominal Real Nominal Quantity Real Real Real Nominal Product price price price price price Quantity cement 50 R25.00 62 R27.00 77 R30.00 96 R40.00 113 R52.00 sand 60 R15.00 72 R18.00 87 R25.00 106 R30.00 123 R41.00 stone 70 R10.00 82 R13.00 97 R18.00 116 R25.00 133 R23.00 GDP deflator Norminal Reall 2015 2016 2017 2018 2019

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