For the following question(s), suppose that an economy produces only bread and computers. Assume that all production is consumed in each year, and that price and quantity data are given in the table below.

-If Year 1 is the base year, the GDP price deflator for Year 2 is approximately
A) 100.0.
B) 126.3.
C) 131.3.
D) 181.0.
E) 211.0.

Question

For the following question(s), suppose that an economy produces only bread and computers. Assume that all production is consumed in each year, and that price and quantity data are given in the table below.
 
-If Year 1 is the base year, the GDP price deflator for Year 2 is approximately
A) 100.0. 
B) 126.3. 
C) 131.3. 
D) 181.0. 
E) 211.0.

Quizplus · Accepted Answer

The Answer of For the following question(s), suppose that an economy produces only bread and computers. Assume that all production is consumed in each year, and that price and quantity data are given in the table below.
 
-If Year 1 is the base year, the GDP price deflator for Year 2 is approximately
A) 100.0. 
B) 126.3. 
C) 131.3. 
D) 181.0. 
E) 211.0.

For the Following Question(s), Suppose That an Economy Produces Only