Question

The table below shows data for real and nominal GDP (in billions of Shillings) for a hypothetical economy over several years.

Year
Nominal GDP
Real GDP

2015
775.3
798.4

2016
814.1
838.6

2017
862.9
862.9

2018
901.5
882.5

2019
951.3
920.6

2020
998.8
950.5


Compute the GDP deflator for each year.

Answer 1

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