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Year 2015 2016 2014 (Base) P QIP 800 15 900 17 1250 Roses 20 500 7.5 525 10 600 Sunflowers 11 275 5 290 6.50

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Year 2015 2016 2014 (Base) P QIP 800 15 900 17 1250 Roses 20 500 7.5 525 10 600 Sunflowers 11 275 5 290 6.50 315 7.25 Daisys Q = Quantity P= Price Given the table above, calculate the Nominal GDP for 2015. (number, round to neared whole number) Calculate the real GDP in 2016. (number, round to the nearest whole number) Calculate the GDP deflator for the year 2014. (number, round to the nearest whole number) The economy experiences A (inflation/disinflation/ deflation) between years 2015-2016

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