Question: ( a ) Calculate the Nominal GDP for the vears 1995 and 1997 . ( b ) Calculate Real GDP for the rear 1997 using

( a ) Calculate the Nominal GDP for the vears 1995 and 1997 . ( b ) Calculate Real GDP for the rear 1997 using 1996 as the base Year [ ) Calculate GOP deflator for the veal 1997 . ('d ) Calculate the CPI in the Year 199 7 using 19 95 as the base Veal . FO USE VEAT 1995 quantities . ( E ) Calculate rate of inflation between 1995 and 1997 using CPI

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