Real- lime Data Analysis The following table contains data for nominal GDP. real GDP, and patential real GDP from FRED" for the fourth quarter of 2020. US. GDP Data 21.496 Value Series 20,597- (in billions) $21,487.9 Nominal GDP Real GDP Potential real GDP 19.690- 18,799 $18,783.9 $19414 2 S 17.900- 17.001 e 16. 102 A variable identified as real is one that is measured in base-year dollars. Using the data above, calculate the following: (Enter your responses rounded to two decimal places.) O A15.200 14.304 The GDP deflator is O 13,405 12.506 Relative to potential real GDP, real GDP is O percent below potential real GDP. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. GDP (bilions of dollars)

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