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The following table lists hypothetical values. (1) (2) (3) (4) Real (5) (6) (7) (8) GDP GDP (base Nominal Year GDP 2018 $980.00 Deflator
The following table lists hypothetical values. (1) (2) (3) (4) Real (5) (6) (7) (8) GDP GDP (base Nominal Year GDP 2018 $980.00 Deflator (base year = year = 2020) 2020) Percentage change in real Deflator (base GDP (base GDP year 2022) year 2022) GDP Real = Percentage change in real GDP 90 81.8 2019 1,020.00 92 83.6 2020 1,050.00 100 S 90.9 2021 1,200.00 105 2022 1,400.00 110 SS 95.5 S S 100 S Fill in Column (4) by calculating real GDP using the GDP deflator with a base year of 2020 from Column (3). Fill in Column (7) by calculating real GDP using the GDP deflator with a base year of 2022 from Column (6). (Enter your responses rounded to the nearest whole number.) Fill in Column (5) by calculating the annual percentage change in real GDP for each year using the values from Column (4). Fill in Column (8) by calculating the annual percentage change in real GDP for each year using the values from Column (6). as rounded to two decimal places and include a minus sign if necessary.)
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