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The question is regarding GDP deflator.

nominal & real GDP 2015, and GDP Deflator; 800, 400, 200

nominal & real GDP 2014, and GDP Deflator; 400, 400, 100

As far as I understand the increase in GDP can be considered as a factor for economic well-being , but the question is that when quantities are constant in 2014 & 2015, and prices increased because of inflation and GDP increased because of inflation. can we still assume that this increase in GDP is an indicator for economic well-being ??

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It looks to me like the answer is no, real GPD in both years is 400 and the only change was in nominal GPD, as reflected in the deflator.

But this is a bit unclear. If you could give the full context of where you're getting this from, that would help.

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Source Of Question

I think the economic well-being was better in 2014, because of the 0 percent inflation rate. in .2015, the GDP went up just because of inflation in product prices and not because of productivity.

Here I attached the source of question.

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