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Table 8-18 a Very Simple Economy Produces Three Goods: Cameras,legal

Question 193

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Table 8-18
Table 8-18 A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above. -Refer to Table 8-18.What is the GDP deflator in 2011 if 2016 is the base year? A) 187 B) 87 C) 8.7 D) 0.87 A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above.
-Refer to Table 8-18.What is the GDP deflator in 2011 if 2016 is the base year?


A) 187
B) 87
C) 8.7
D) 0.87

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