Question: Using the data in the table below, please calculate a) Nominal and Real GDP for each year b) Price deflator for each year c)

Using the data in the table below, please calculate a) Nominal and Real GDP for each year b) Price deflator for each year c) Inflation rate for 2021. Year 2020 2021 Price 1200 1250 Cars Quantity Price 9 10 4 3 T-shirts Quantity 10 8

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