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The table below shows nominal GDP (US$) and real GDP (US$) for Country A between year 1 and 6. Table 1: Nominal GDP (US$) and

The table below shows nominal GDP (US$) and real GDP (US$) for Country A between year 1 and 6.

Table 1: Nominal GDP (US$) and real GDP (US$) for Country A between year 1 and 6

Nominal GDP (US$)

Real GDP (US$)

Year 1

$241,038,904,256

$230,813,597,938

Year 2

$237,390,711,217

$202,257,586,268

Year 3

$255,016,609,233

$255,016,609,233

Year 4

$268,516,966,254

$297,951,960,784

Year 5

$283,214,119,400

$314,443,149,443

Year 6

$296,507,404,303

$303,277,158,907

Based on Table 1, identify and explain which year(s) Country A experienced

(a) inflation

(b) deflation

(c) increase in total economic output as compared to previous year

(d) decrease in total economic output as compared to previous year

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