Table 23-8
A country produces only meat and potatoes in the quantities and prices listed below. Use 2011 as the base year.
-Refer to Table 23-8. In 2012, GDP deflator is

Question

Table 23-8
A country produces only meat and potatoes in the quantities and prices listed below. Use 2011 as the base year. 
-Refer to Table 23-8. In 2012, GDP deflator is

Quizplus · Accepted Answer

The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy. Without the table, we assume the correct answer is based on the given options and typical values for GDP deflators.

Table 23-8 A Country Produces Only Meat and Potatoes in the Quantities