The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use the information to answer the questions that follow.

Goodland Economy 2013 and 2018

Examine the status of the economic welfare in Goodland Republic in 2018 based on your GDP deflator, nominal GDP and Real GDP

Price 2017 (Base year) Price 2018 Price per Unit ($) 1.50 2.00 50,000 23,000.00 100.00 5,000.00 I tem Production 50,000 100,000 Price per Production Unit ($) 2.00 Rice ( tons) Wheat (tons) Tractors mid-size (units) Cotton (tons) Used cars Manufacture garments (tons) Eggs (Trays) Cola (litres) Pepsi Cola (litres) Beef (tons) Second hand cloths (tons) Alcoholic Beverages (litres) Milk (litres) 55,000 98,000 45,000 2,450.00 2.50 110,000 120,000 5,000 120.00 6,000 7,000.00 50.00 150,000 2,000 6.000 700 145,000 2,300 6,500 850 4,800 450 70.00 3.50 1.20 2.50 0.80 1.10 1.50 5,000 500 500 7,000 6.50 8.50 25.00 15.00 3.25 600 3.75 2.30 7,500 2.50