Consider the data in the following table, which represents the total production of the country Bywantium, a country that produces only consumer goods. Table 1: Byzantium 2018 2019 2020 Quantity of Y Quantity of X 100 105 103 3. Price of Y $5 $100 $5 $105 85 Price of X $110 1. Calculate the nominal GDP for all three years (3 points) 2. Calculate real GDP for all three years, using 2018 as the base year (3 points) 3. Caleulate the GDP deflator, sing 2018 as the base year. Identify whether there was inflation from the (spuod ) ma smotaand

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