Question: (6 marks) Fill in the table below for a hypothetical economy. Assume 2014 is the base or chosen year for constant prices. GDP Deator is

(6 marks) Fill in the table below for a hypothetical economy. Assume 2014 is the base or chosen year for constant prices. GDP Deator is shown in percentages (i.e., 91.691 = 0.91691) Year Nominal GDP (current in $billion) GDP Deator Real GDP (2014 $billion) 2012 91.691 913.4 2013 982.4 98.923 2014 1152.9 2015 1373.8 1 10.187 2016 1589.6 1318.1

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