The following data show nominal GDP and the appropriate price index for several years.  Compute real GDP for each year and indicate whether you have “inflated” or “deflated” nominal GDP in finding real GDP.  All GDP are in billions. Year    Nominal GDP    GDP Price level index     Real GDP    Inflated (I) Deflated (D) 1    $120    120    _____    _____ 2    130    102    _____    _____ 3    150    85    _____    _____ 4    160    96    _____    _____ 5    180    112    _____    _____ 6    230    144    _____    _____

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