Question: ASSIGNMENT 1. Calculate the GNP Deflator for each year 1980 1990 2006 Real GNP (in billions of $) 869.24 1285.51 1680.65 Nominal GNP 616.5 1092.1

ASSIGNMENT 1. Calculate the GNP Deflator for each year 1980 1990

ASSIGNMENT 1. Calculate the GNP Deflator for each year 1980 1990 2006 Real GNP (in billions of $) 869.24 1285.51 1680.65 Nominal GNP 616.5 1092.1 2826.6 2. Compute Real GNP for each year: 1980 1990 2006 Nominal GNP (in billions of $) 706.5 1002.8 4636.1 GNP Deflator 78.66 94.43 277.36

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