Prices of final goods and services in Eduland have increased by ...

[crazycityslicker]

Prices of final goods and services in Eduland have increased by 23 between Year 1 and Year 2. If the GDP deflator of Eduland in Year 1 was 100, the GDP deflator of Eduland in Year 2 is ________.
 
  A) 50 B) 112 C) 103 D) 123

Question 2

When computing percentage changes, using the simple approach results in increases and decreases which are
 
  A) identical. B) symmetric.
  C) more accurate than using the midpoint method. D) not symmetric.

[braelync]

Answer to Question 1

D

Answer to Question 2

D