Based on the table below, calculate nominal GDP, real GDP, the GDP deflator, and the inflation rate in each year and fill in the missing parts of the table. Use 2016 as the base year. Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number. Quantity of Price of Quantity of Price of beach beach ball Nominal GDP Real GDP Inflation Year oranges orange ($) balls ($) ($) ($) GDP deflator rate (8) 2016 700 1. 00 875 4.00 2017 800 1. 50 950 7.50 2018 650 1 . 75 1400 8 . 75