Year Price of Quantity of Price of Quantity of
Milk Milk(quartz) Honey Honey(quartz)
2001 $1 100 $2 50
2002 1 200 2 100
2003 2 200 4 100
Compute the percentage change in nominal GDP, real GDP, and the GDP deflator in 2002 and 2003 from the preceding year. For each year, identify the variable that does not change. Explain in words why your answer makes sense.