Question: A. Compute nominal GDP in 2007. B. Compute real GDP in 2008. C. Compute the GDP deflator in 2009. 2007 (base yr) 2008 2009 P

A. Compute nominal GDP in 2007.

B. Compute real GDP in 2008.

C. Compute the GDP deflator in 2009.

2007 (base yr)

2008

2009

P

Q

P

Q

P

Q

Good A

$30

900

$31

1,000

$36

1050

Good B

$100

192

$102

200

$100

205

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