Table 2 showing Current and Constant Price Data and Volume and Price Indices for the period 2012-2018 2012 2013 2014 2015 2016 2017 2018 Current Price GDP (TTD Mn.) 164380.0 163007.8 165203.2 170317.6167764.3150246.6|| 181110.8 Constant Price GDP (TTD Mn) 2000-100 90100.0 91523.9 92708.2 95168.6 94620.5 94073.1 97420.0 CURRENT PRICES SELECTED SECTORS GVA - NON-ENERGY 90806.0 91500.0 95632.0 105484.0 109888.0 112312.0|112092.0 GVA-Manufacturing 12606.0 GVA-Distribution 28000.0 10710.0 28990.0 31826.0 9606.0 10870.0 9782.0 9012.0 36214.0 8692.0 38406.0 38000.0 37300.0 GVA-Other Services 50200.0 51800.0 54200.0 58400.0 61700.0 65300.0 66100.0 INDICES Retail Price Index -All Items Index (2012-100) 100.0 120.0 118.0 122.0 141.0 135.0 140.0 Domestic Production Index -Manufacturing Sector (2012-100) 100.0 110.0 115.0 120.0 109.0 98.0 95.0 2a 26. 26 Explain the concept of the GDP Deflator. Using data in Table 2, calculate the GDP Deflator for the Series 2012-2018. Prepare a series that rebases the GDP Deflator from Base Year 2000 = 100 to Base Year 2012 =100 2c. Using the data on Current Prices for Selected Sectors, prepare Constant Price Estimates of Gross Value Added (GVA) for the Manufacturing, Distribution and Other Services Sectors for the period 2012-2018.

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