this is question

D Annual Return, Nasdaq Return, N Annual Return, DJIA Nominal GDP GDP Deflator Real GDP Inflation Nasdaq Nominal) (Real) Dow Jones Ind. Avg (Nominal) Annual Return, DJIA (Real) 5 Nominal GDP / GDP (in billions of $) (base year = 100) Deflator * 100 Index r (nominal) = [p(t+1) - p(t)]/p(t) r (real) =r (nominal) - inflation Index r (nominal) = [p(t+1) - p(t)]/p(t) r (real) = r (nominal) - inflation 1635 30.59 5345 852 1824 2.19 5666 5.23% 98 25.64% 20.41% 1005 17.96% 12.73% 2031 34.3 5921 6.550 105 7.14% 0.59% 831 -17.31% 23.87% 2296 36.8 6239 7.29% 118 12.38% 5.09% 805 -3.13% -10.42% 2566 39.96 6421 3.59% 151 27.97% 19.38% 838 4.10% -4.49% 2796 43.82 6381 9.66% 202 33.77% 24.12% 964 15.04% 5.38% 3131 7.53 6587 3.47% 196 -2.97% -11.44% 875 -9.23% -17.70% 3259 50.02 6515 5.24% 232 18.37% 13.13% 1046 19.54% 14.30% 3535 51.7 6838 3.36% 278 19.83% 16.47 1259 20.36% 17.00% 3933 53.54 7346 3.56% 247 11.15% 14.71% 1211 -3.81% -7.37% 4213 55.05 7653 2.82% 325 31.58% 28.76% 1547 27.75% 24.93% 4453 56.06 7943 1.83% 349 7.38% 5.55% 1896 22.56% 20.73% 18 4742 57.6 8220 2.91% 331 5.16% -8.07% 1938 2.22% -0.69% 5108 59.93 8523 3.88% 381 15.11% 11.22% 2168 11.87% 7.99% 5489 62.08 3842 3.59% 455 9.42% 15.84% 2753 26.98% 23.40% 5803 64.48 9000 3.87% 374 17.80% 21.67% 2633 -4.36% -8.22% 5986 6.49 9003 3.12% 586 56.68% 53.57% 3168 20.32% 17.20% 6319 67.93 9302 2.17% 677 15.53% 13.36% 3301 4.20% 2.03% 6642 69.5 9557 2.31% 777 14.77% 12.46% 3754 13.72% 11.41% 25 7054 70.96 9941 2.10% 752 3.22% -5.32% 3834 2.13% 0.03% 7400 72.39 10222 2.02 1052 39.89% 37.88% 5117 33.46% 31.45% 7813 73.67 10605 1.77% 1291 22.72% 20.95% 6448 26.01% 24.24% 8318 74.82 11117 1.56% 1570 21.61% 20.05% 7908 22.64% 21.08% 8781 75.64 11609 1.10% 2192 39.62% 38.52% 9181 16.10% 15.00% 9353 76.87 1216 1.63% 4069 35.63% 84.00% 11497 25.23% 23.60% 9951 8.72 12641 2.41% 2470 39.30% -41.70% 10788 -6.17% -8.57% 10286 30.27 12814 1.97% 1950 21.05% 23.02% 10021 -7.11% -9.08% 10642 81.65 13034 1.72% 1335 31.54% -33.26% 8341 -16.76% -18.48% 11512 83.2 13837 1.90% 2003 50.04% 48.14% 10453 25.32% 23.42% 12277 85.71 14324 3.02% 2175 8.59% 5.57% 10783 3.16% 0.14% 13095 38.49 14798 3.24% 2205 1.38% -1.86% 10718 -0.60% -3.85% 13857 0.82 15258 2.63% 2415 9.52% 6.89% 12463 16.28% 13.65% 14480 3.14 15546 2.55% 2652 9.81% 7.26% 13264 6.43% 3.87% 14720 94.99 15496 1.99% 1577 40.54% -42.52% 8776 33.84% 35.82% 14417 95.26 15134 0.28 2269 43.88% 43.60% 10428 18.82% 18.54% 14958 96.76 5459 1.57% 2652 16.88% 15.31% 11577 1.02% 9.44% 15533 98.7 15738 2.00% 2605 1.77% -3.78% 12217 5.53% 3.52% 16244 100.74 1612 2.07% 3142 20.61% 18.55% 13860 13.45% 11.38% 16803 102.52 16390 1.77% 4176 32.91% 31.14% 16576 19.60% 17.83% 17616 104.12 16919 1.56% 4736 13.41% 11.85% 17823 7.52% 5.96% 18120 104.94 17267 0.79% 5007 5.72% 4.93% 17425 -2.23% -3.02% 18624 106.4 17492 1.46% 5323 6.31% 4.85% 19762 13.41% 11.95% 19386 108.6 1785 2.009 6903 29.68% 27.68% 24719 25.08% 23.08% 20580 111.14 18517 2.34% 24999 262.15% 259.81% 24999 1.13% -1.21% 21433 112.95 1897 1.63% 28256 13.03% 11.40% 28256 13.03% 11.40% 20800 113.84 18271 0.79% 30937 9.49% 8.70% 30937 9.49% 8.70%a) For each year, which of the two investment opportunities (DJIA, or NASDAQ) yielded the highest nominal rate of return? The highest real rate of return? (you will need to calculate the inflation rate first) b) Is there any difference between your answers when evaluating a) using nominal return versus real returns? Why or why not