The following data show nominal GDP and the appropriate price index for several years. Compute 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 Price Real Inflated

GDP level index GDP /Deflated

1 $117 120 ______ ______

2 124 104 ______ ______

3 143 85 ______ ______

4 149 96 ______ ______

5 178 112 ______ ______

6 220 143 ______ ______