To fill in the missing values, we can use the formula for the Price Index (GDP Deflator):

$\text{Price Index} = \left( \frac{\text{Nominal GDP}}{\text{Real GDP}} \right) \times 100$

We can rearrange the formula to calculate any missing value. Let's calculate the missing entries:

1. Year 1: Missing Real GDP

   • Given: Nominal GDP = 15,314.4, Price Index = 101.9
   • Using the formula for Real GDP:

   $\text{Real GDP} = \frac{\text{Nominal GDP}}{\text{Price Index}} \times 100$

   $\text{Real GDP} = \frac{15,314.4}{101.9} \times 100 = 15,033.7$

2. Year 4: Missing Nominal GDP

   • Given: Real GDP = 15,962.2, Price Index = 107.6
   • Using the formula for Nominal GDP:

   $\text{Nominal GDP} = \frac{\text{Price Index}}{100} \times \text{Real GDP}$

   $\text{Nominal GDP} = \frac{107.6}{100} \times 15,962.2 = 17,174.3$

3. Year 5: Missing Price Index

   • Given: Nominal GDP = 17,743.1, Real GDP = 16,332.2
   • Using the formula for Price Index:

   $\text{Price Index} = \frac{17,743.1}{16,332.2} \times 100 = 108.6$

Now, the completed table should be:

Would you like further clarification on any of the steps, or help with another part of the problem?

Relative Questions:

1. What is the difference between Nominal and Real GDP?
2. How does the Price Index impact GDP growth?
3. How can inflation affect the Nominal GDP?
4. What role does the GDP deflator play in measuring economic performance?
5. How can we calculate the inflation rate using the Price Index?

Tip: The Price Index is essential for adjusting for inflation, allowing you to compare economic data across different time periods.