Table 19-25 -Refer to Table 19-25

Essay

Table 19-25
$$\begin{array} { | l | r | r | } \hline & { \mathbf { 2 0 1 5 } } & { \mathbf { 2 0 1 6 } } \\\hline \text { Nominal GDP } & \$ 10,000 & \$ 15,000 \\\hline \text { Real GDP } & 9,500 & 10,500 \\\hline\end{array}$$
-Refer to Table 19-25.Given the following information,calculate the rate of increase in the price level from 2015 to 2016.Use the percent change in the GDP deflator.