The following table shows some data for an economy that produces only two goods: milk and honey.

Year	Milk	Honey
Price	Quantity	Price	Quantity
(Dollars)	(Quarts)	(Dollars)	(Quarts)
2020	1	200	2	100
2021	1	400	2	200
2022	2	400	4	200

The following table shows nominal GDP, real GDP, and the GDP deflator for each year listed.

Year	Nominal GDP	Real GDP	GDP Deflator
(Dollars)	(Dollars)
2020	400	400	100
2021	800	800	100
2022	1,600	800	200

Compute the percentage change in nominal GDP, real GDP, and the GDP deflator in 2021 and 2022 from the preceding year.

Year	Percentage Change In...
Nominal GDP	Real GDP	GDP Deflator
2021
2022

From 2020 to 2021,prices did not change; and from 2021 to 2022,output levels did not change.

Comparing the changes in 2021 and 2022, economic well-being increased more in2022 .