nominal GDP​, real GDP​, and potential real GDP from FRED​* for the third quarter third quarter of 2018

The following table contains data for nominal GDP​, real GDP​, and potential real GDP from FRED​* for the third quarter third quarter of 2018

1.PNG

A variable identified as nominal is measured in current dollars.

Using the data​ above, calculate the​ following: ​(Enter your responses rounded to two decimal​ places.)

The GDP deflator is _____

Relative to potential real​ GDP, real GDP is ______ percent above above potential real GDP. ATTACHMENT PREVIEW

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