Below are some data from the land of milk and honey a)  Compute nominal GDP, real GDP, and the GDP deflator for each year, using 2017 as the base year. Hints: show steps.  b)  Compute the percentage change in nominal GDP, real GDP, and the GDP deflator in 2018 and 2019 from the preceding year. For each year, identify the variable that does not change. Explain in words why your answer makes sense. Hints: show steps.  c)  Did economic well-being rise more in 2018 or 2019? Explain.

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Q: real GDP

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