The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP. Indicate in each calculation whether you are inflating or deflating the nominal GDP data. Instructions: Enter your responses in the gray-shaded cells. Round your answers to 2 decimal places. Year Nominal GDP, Billions Price Index (2005 = 100) Real GDP, Billions Effect on Nominal GDP 1978 $2,308.80 40.4 1988 5.115.40 66.98 1998 8,808.50 85.51 2008 14,456.40 108.48 2018 20,519.30 128.59