Given the Information in the Table Below for Three Consecutive

question 85

Essay

Given the information in the table below for three consecutive years in the U.S. economy, calculate the missing data.
$\begin{array}{|c|c|c|c|c|c|c}\hline \text { Year } & \begin{array}{c}\text { Nominal } \\\text { GDP } \\\text { (billions } \\\text { of } \\\text { dollars) }\end{array} & \begin{array}{c}\text { Real } \\\text { GDP } \\\text { (billions } \\\text { of 2009 } \\\text { dollars) }\end{array} & \begin{array}{c}\text { GDP } \\\text { Deflator } \\\text { (2009=100) }\end{array} & \begin{array}{c}\text { Inflation } \\\text { (percent } \\\text { change in } \\\text { GDP } \\\text { deflator) }\end{array} & \begin{array}{c}\text { Ropulation } \\\text { (millions) }\end{array} & \begin{array}{c}\text { GDP per } \\\text { Capita } \\\text { (2009 } \\\text { dollars) }\end{array} \\\hline 2014 & 17,393.1 & - & 108.8 & 1.8 & - & 50,170 \\\hline 2015 & & 16,397.2 & & 1.1 & & 51,098 \\\hline 2016 & - & - & 111.4 & - & 323,128 & 51.565 \\\hline\end{array}$

---

Definitions:

Equality

The condition of having equal status, rights, and chances.

Economy

The system by which goods and services are produced, distributed, and consumed in a society or geographic area.

Goods And Services

Goods and services constitute the output of an economy, where goods are tangible products and services are intangible activities that provide value to consumers.

Scarcity

The limited nature of society’s resources.