For 2002,the Kwakian Economy Had the Following Nominal Quantities (In

Essay

For 2002,the Kwakian economy had the following nominal quantities (in billions of dollars)and price indexes (1997 = 100)for each category of expenditure:
$$\begin{array} { l c c } & \text { Nominal Value } & \text { Price Index } \\\hline \text { Consumption } & 423.1 & 125.1 \\\text { Fixed investment } & 112.0 & 111.0 \\\text { Government purchases } & 165.8 & 123.2 \\\text { Exports } & 180.4 & 100.9 \\\text { Imports } & 186.7 & 97.2 \\\text { Change in inventories } & - 3.28 & 111.0 \\\hline\end{array}$$
a.Calculate the real quantity for each category (to one decimal point).
b.Calculate nominal and real GDP.
c.Find the implicit price deflator (1997 = 100).