year 1974 nominal gdp is 2000, gdp deflator is 100, year 1975 nominal gdp is 3000 and gdp deflator is 120, year 1976 nominal gdp is 3750 and gdp deflator is 150, year 1977 nominal gdp is 6,000 and gdp...

year 1974 nominal gdp is 2000, gdp deflator is 100, year 1975 nominal gdp is 3000 and gdp deflator is 120, year 1976 nominal gdp is 3750 and gdp deflator is 150, year 1977 nominal gdp is 6,000 and gdp deflator is 200. This economy experienced inflation from 1974 to 1975, from 1975 to 1976 to 1977.