Table 19-16

-Refer to Table 19-16. Given the information above, what can we say has happened in the economy from 2012 to 2013?
A) The price level has fallen.
B) The price level has risen.
C) The price level has remained constant.
D) Not enough information is available to determine what has happened to prices.

Question

Table 19-16
 
-Refer to Table 19-16. Given the information above, what can we say has happened in the economy from 2012 to 2013?
A) The price level has fallen. 
B) The price level has risen. 
C) The price level has remained constant. 
D) Not enough information is available to determine what has happened to prices.

Quizplus · Accepted Answer

The GDP deflator has increased from 109.4 in 2012 to 112.4 in 2013, indicating that the price level has risen.

Table 19-16 -Refer to Table 19-16. Given the Information Above, What Can