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Year Price of Wands Quantity of Wands Price of Books Quantity of Books 2016 11 Galleons 140 6 Galleons 700 2017 12 Galleons 145 8

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Year Price of Wands Quantity of Wands Price of Books Quantity of Books 2016 11 Galleons 140 6 Galleons 700 2017 12 Galleons 145 8 Galleons 725 2018 14 Galleons 145 8 Galleons 725 2019 15 Galleons 155 10 Galleons 775 Answer the following questions based on the table above. Please type/write out the formulas used to calculate your answers and then upload : What is Nominal GDP for each of the years? What is Real GDP for each of the years using 2016 as the base year? What is the GDP Deflator for each of the years

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