Using the table below: Calculate nominal and real GDP in 2018 assuming the base year is 2018. Calculate nominal and real GDP in 2019 assuming the base year is 2018. Calculate the GDP deflator for the years 2018/2019. Interpret your answer 2018 2019 Quantity Price Quantity Price TVs 25 $2.5 30 $3 Transportation Cheese 12.5 4.0 10 50 10.0 53 10

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