The table below shows total output for an economy over 2 years.
TABLE 20-8
-Refer to Table 20-8.The implicit GDP deflator in 2015 (using 2015 as the base year)is

Name: The table below shows total output for an economy over 2 years. TABLE 20-8 -Refer to Table 20-8.The implicit GDP deflator in 2015 (using 2015 as the base year)is
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Question

The table below shows total output for an economy over 2 years.
  TABLE 20-8
-Refer to Table 20-8.The implicit GDP deflator in 2015 (using 2015 as the base year)is

Quizplus · Accepted Answer

The implicit GDP deflator in the base year is always 100, as it is used as the reference point for measuring inflation or deflation in other years.

The Table Below Shows Total Output for an Economy Over