2000 (BASE YEAR)				2007				2010
Product	Quantity	Price	Value	Quantity	Price	Value (current)	Value (real)	Quantity	Price	Value (current)	Value (real)
Guns	50	20	1000	40	25	1000		60	22	1320
Shoes	90	10	900	100	9	900		100	12	1200
Onions	500	4	2000	600	4	2400		620	5	3100
TOTAL			3900			4300				5620

1. Complete “Value (real)” column in the chart above

Using the above chart, answer the following questions:

2. Calculate the growth rate of Real GDP from 2000 to 2007 (to two decimal places):

3. Calculate the GDP Index (deflator) for 2007 (to two decimal places):

4.Calculate the GDP Index (deflator) for 2010 (to two decimal places):