Question: 2. Calculate the missing values in the table below. Then answer the questions that follow it. GDP are in billions of dollars and the Consumer

 2. Calculate the missing values in the table below. Then answer

2. Calculate the missing values in the table below. Then answer the questions that follow it. GDP are in billions of dollars and the Consumer Price Index (CPI) is a percentage. CPI for 2001 is 98.6 Year Nominal GDP CPI Real GDP ri 2002 $ 10.469.58 Billion 100.0 2003 $ 10,971.34 Billion 102.3 2004 $ 11,734.30 Billion 105.0 2005 $ 12,601.00 Billion 108.6 All figures must be calculated to 2 decimal places and in the correct formats on a separate paper. You must show your work for all calculations in order to receive credit for the problem. DO NOT FILL IN THE TABLE. WORK PROBLEMS ON SEPARATE PAPER AND PRODUCE ANSWERS THERE! a. Has there been any span of years, IN ONE YEAR INCREMENTS, within the table over which nominal GDP changed in one direction, but real GDP changed in the opposite direction? (Examples of what a span of years is, that are not included in this table would be 1990-1991 or 1996-1997.) Explain why or why not b. Has there been inflation over each span of years in the table? Explain why or why not

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