Question: I need this broken down please I don't understand it Refer to Table below. Consider the following data on nominal GDP and real GDP (values

I need this broken down please I don't understand it Refer

I need this broken down please I don't understand it

Refer to Table below. Consider the following data on nominal GDP and real GDP (values are in billions of dollars ): Calculate the the GDP deflator for 2015 and 2016 and the rate of inflation beniveen these two years. Nominal Year GDP Real GDP 2010 513 399 2015 2016 1- 13.310

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