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This should ne much clearer Wool 100 $0.80 800 $0.60 120 $0.70 3. Calculate the GDP deflator for each year below. Which year from 2015

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This should ne much clearer

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Wool 100 $0.80 800 $0.60 120 $0.70 3. Calculate the GDP deflator for each year below. Which year from 2015 to 2018 saw the largest increase in the GDP deflator over the prior year in percentage terms? (Show your work and explain your answers.) Year Nominal GDP Real GDP 2014 $14,964 $14,784 2015 $15,518 $15,021 2016 $16,163 $15,369 2017 $16,768 $15,710 2018 $16,245 $16,086

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