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Year Quantity Goods Quantity Services Price Goods Price Services 2010 2000 6200 2 1.5 2011 2200...

Year Quantity Goods Quantity Services Price Goods Price Services
2010 2000 6200 2 1.5
2011 2200 6400 2.11 1.65
2012 2500 6750 2.15 1.65
2013 2505 7100 2.3 1.9
2014 2700 7300 2.35 2
2015 3050 8000 2.5 2
2016 3100 8450 2.65 2.1
2017 3500 8650 2.7 2.15

Let 2010 be the base year (do not attempt to chain-weight).

a. Calculate real GDP in each year, and the annual average growth rate of real GDP.

b. Calculate the GDP deflator for each year and the annual average inflation rate.

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