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Fill in the Blanks of the Following Table and Answer

Question 2

Essay

Fill in the blanks of the following table and answer the following questions.
Year Real GDP  Nominal GDPGDP Deflator 20058,144.8−−−−101.92006−−−−8,759.9103.120078,848.29,256.1−−−−\begin{array}{l}\begin{array} {llll } \text {Year }&\text {Real GDP }&\text { Nominal GDP}&\text {GDP Deflator }\\\hline2005&8,144.8&----&101.9\\2006&----&8,759.9&103.1\\2007&8,848.2&9,256.1&----\\\end{array}\end{array} (a)Does the table indicate there is inflation?

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