Multiple Choice
Table 2.3
2007 2010 2013
Quantity Price Quantity Price Quantity Price
Table 2.3 gives quantities and prices for each good produced in a simple economy in 2007, 2010, and 2013.
-Refer to Figure 2.3.Assume that 2010 is the base year.The GDP deflator for 2010 is
A) 67.1.
B) 84.5.
C) 100.0.
D) 118.3.
Correct Answer:
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