The following table shows nominal GDP and an appropriate price index group of selected years. Compute real GDP. Indicate in each calculation whether you are inflating or deflating the nominal GDP data. Instructions: Round your answers to one decimal place. Nominal GDP (billions) GDP deflator Effect on Year (2012 = 100) Real GDP (billions) Nominal GDP 1981 365.3 46.3 $ (Click to select) 1991 701.8 68.7 $ (Click to select) 2001 1144.5 81.1 $ (Click to select) 2008 1657.0 94.1 $ (Click to select) 2011 1774.1 99.4 $ (Click to select) 2020 2307.4 110.4 $ (Click to select)