Refer to the information provided in Table below Find the nominal and real GDP for the following years and explain that in a short answer what you have notice.   Year Price index Output Nominal GDP Real GDP 2015 Base year price index=100 Output=4 million 4 x price 2015 4x100=400 4 x price 2015                 4x100=400 2016 Current year price index=122 Output=6 million 6 x Price 2016 6x122=732 6 x price 2015 6x100=600 2017 Current year price index= 130 Output= 8 million 8 x Price 2017 8x130=1040 8 x price 2015 8 x 100=800

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