What is the nominal GDP in 2010?
What is the nominal GDP in 2011?
What is the real GDP in 2011 (using 2010 prices)?
What is the real GDP growth from 2010 to 2011?
What is the GDP deflator for 2011?
Exhibit 1
YEAR
|
QUANTITY
|
PRICES
|
|
Apples
|
Bananas
|
Apples
|
Bananas
|
2010
|
200
|
50
|
$2.00
|
$1.50
|
2011
|
150
|
30
|
$1.00
|
$1.20
|