## Question of the Day: Day Seven

Below, you'll find a table with CPI and real GDP data from 1970-2010 in Country X. To view this data in a non-table format, with each year's CPI and real GDP written out in individual sentences, then click here.

Based on the values in the table, please answer the following questions.

1. If the base year CPI is included in the table, then which year would it be?

2. Is there a year that's at least somewhat consistent with what you'd expect to occur during a period of stagflation?

3. It's possible to use the CPI to deflate nominal income into real income, which means it's also possible to "inflate" real income into nominal income. With this in mind, convert real GDP in 2010 to nominal GDP.

```Table 1: Historical CPI and real GDP in Country X

Year      Annual CPI    Annual real GDP
1970         60.6           33.376
1971         65.2           34.920
1972         72.6           36.775
1973         82.4           38.905
1974         90.9           38.691
1975         96.5           38.609
1976        100.0           40.680
1977        103.9           42.550
1978        107.6           44.924
1979        109.6           46.328
1980        113.6           46.200
1981        118.3           47.373
1982        124.0           46.453
1983        130.7           48.552
1984        136.2           52.041
1985        140.3           54.194
1986        144.5           56.071
1987        148.2           57.866
1988        152.4           60.244
1989        156.9           62.397
1990        160.5           63.568
1991        163.0           63.419
1992        166.6           65.571
1993        172.2           67.441
1994        177.1           70.188
1995        179.9           71.953
1996        184.0           74.645
1997        188.9           77.972
1998        195.3           81.367
1999        201.6           85.295
2000        207.3           88.825
2001        215.3           89.783
2002        214.5           91.412
2003        218.1           93.688
2004        224.6           97.036
2005        223.5          100.000
2006        226.0          102.673
2007        228.1          104.672
2008        234.5          104.672
2009        234.9          101.917
2010        236.7          104.804

```