uilibrium price and quantity after the shift of the demand curve. 5. Below you will find nominal GDP and the GDP deflator (based on 2012 = 100) for the years 1996, 2006, and 2016. a. Compute real GDP for each year. b. Compute the percentage change in nominal and real GDP from 1996 to 2006, and from 2006 to 2016. c. Compute the percentage change in the GDP deflator over these two periods. GDP Statistics 1996 2006 2016 Nominal GDP 8,073 13,815 18,707 GDP Deflator 73.2 90.1 105.9