Question: Given the information in the table below for three consecutive years in the Australian economy, calculate the missing data. Year Nominal GDP ($b)n Real GDP

Given the information in the table below for three consecutive years in the Australian economy, calculate the missing data.

Year Nominal GDP ($b)n Real GDP ($b)n GDP Deflator (year 2=100) Inflation (% change in the GDP deflator) Real GDP per capita ($)

Population

(million)
1 547.1 98.8 1.3 18.31
2 540 1.2 18.52
3 100.2 31471 18.75

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