Complete the following calculations for the levels of nominal GDP, Real GDP and the GDP deflator for the years 2011, 2012 and 2013: Price of apples Quantity of apples Price of bananas Quantity of bananas Year 2011 2012 2013 $1.00 $1.20 $1.50 2011 2012 2013 2011 2012 2013 100 100 140 Nominal GDP Real GDP $1.00 $1.80 $1.90 50 90 90

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