the following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP. Indicate each calculation whether you are inflating or deflating the nominal GDP data. Round your answers to 2 decimal places. Year Nominal GDP, Billions Price Index (2005-100) Real GDP, billions effect on nominal GDP 1968 $ 909.80 22.01     1978 2,293.80 40.40     1988 5,100.40 66.98     1998 8,793.50 85.51     2008 14,441.40 108.48

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