Refer to Table 8-15. Consider the following data on nominal…

Refer to Table 8-15. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2023 equals Table 8-15  Year Nominal GDP Real GDP           2022 $13,399 $12,976           2023   14,078   13,254           2024   14,441   13,312