The following Data show nominal GDP and the appropriate price index for several years. Complete real GDP for each year and indicate whether you have "inflated" or "deflated" nominal GDP in finding real GDP. All GDP are in billions.

Year Nominal GDP Price level index Real GDP Inflated (I)/Deflated(D)

1 $117 120 _______ _________

2 124 104 _______ _________

3 143 85 _______ _________

4 149 96 _______ _________

5 178 112 _______ _________

6 220 143 _______ _________

1. Suppose an company's real GDP is $50,000 in year 2017 and $55,000 in year 2018. What is the growth rate of its GDP?
2. For the same economy, assumes the population was 100 million in year 2017 and 105 million in year 2018. What is the growth rate in real GDP per capita?