As a skilled economic consultant, you are concerned about the forecast provided in the previous module,...

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As a skilled economic consultant, you are concerned about the forecast provided in the previous module, based on nominal values. Additional research indicates that the implicit price deflator was 214.5 during the previous year and is equal to 227.6 during the current year. Calculate real GDP for the previous and current years and write a two-page report updating your forecast from the previous module. As a skilled economic consultant, you are concerned about the forecast provided in the previous module, based on nominal values. Additional research indicates that the implicit price deflator was 214.5 during the previous year and is equal to 227.6 during the current year. Calculate real GDP for the previous and current years and write a two-page report updating your forecast from the previous module.