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For 2002, the Kwakian Economy Had the Following Nominal Quantities

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For 2002, the Kwakian economy had the following nominal quantities (in billions of dollars) and price indexes(1997 = 100) for each category of expenditure:
? For 2002, the Kwakian economy had the following nominal quantities (in billions of dollars) and price indexes(1997 = 100) for each category of expenditure: ? 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)
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)

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a. Real C = 423.1/1.251 = 338.2; real fi...

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