Question: Please solve it correctly and clearly. Question 2 Below are some data from the land of milk and honey. Not yet answered Year Price of

Please solve it correctly and clearly.

Question 2 Below are some data from the land of milk and honey. Not yet answered Year Price of Milk Quantity of Milk Price of Quantity of Marked out of 10.00 Honey Honey Flag question 2015 15 100 50 2016 15 200 25 100 2017 25 200 45 100 1. Calculate the nominal GDP for each year: 2. Calculate the percentage increase in 2016 and 2017 Font family - Font size - Paragraph AD BIUMXX Path: p Question 3 Not yet answered 1. Calculate the real GDP for each year using 2015 as the base year: 2. Calculate the percentage increase for 2016 and 2017 Marked out of 10.00 P Flag question Font family - Font size - Paragraph AD IUMXXEZ Path: p Question 4 Not yet answered 1. Calculate the GDP deflator for each year: 2. Calculate the percentage increase for 2016 and 2017 Marked out of 10.00 Flag question Font family - Font size - Paragraph -45 BIUMX X

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