Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2012.
-What was the gross domestic product (GDP)deflator in 2013?
A) 116.67
B) 108.57
C) 100
D) 119.44
E) 102.38

Question

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2012. 
-What was the gross domestic product (GDP)deflator in 2013?
A) 116.67 
B) 108.57 
C) 100 
D) 119.44 
E) 102.38

Quizplus · Accepted Answer

The GDP deflator in 2013 was 116.67, which is a measure of the level of prices of all new, domestically produced, final goods and services in an economy.

Consider the Following Data That Gives the Quantity Produced and Unit