Hello please help me with this, I will rate your work

• For all scenarios below, show your work to justify your responses where calculation is required.
• a. Nominal GDP is $3 trillion and real GDP is $2.5 trillion. Calculate the GDP deflator.
• b. Real GDP is $240 billion and the GDP deflator is 90. Calculate the nominal GDP.
• c. Nominal GDP is $22 trillion and the GDP deflator is 110. Calculate the real GDP.
• d. Based on the following table, which year had a higher real GDP?

Year	Nominal GDP	Deflator
2015	$20 trillion	120
2016	$18 trillion	125

• e. If the real GDP in 2017 was $15 trillion, and its prices represented a 40% increase from the base year, what must the nominal GDP have been? Show your work.
• f. If the price level increase from part (e) was more than expected, would borrowers of fixed rate loans be better or worse off than in the base year? Explain.
• g. The GDP deflator is 120 in year 1 and 150 in year 2. Calculate the inflation rate.
• h. In year 3, the GDP deflator is 180.Calculate the inflation rate from year 2 in part (g) to year 3.
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