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Author Question: Table 8-18 A very simple economy produces three goods: cameras, legal services, and books. The ... (Read 45 times)

bclement10

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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 2016 if 2016 is the base year?


◦ 120
◦ 118
◦ 100
◦ 87


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Marked as best answer by bclement10 on Mar 16, 2019

jaygar71

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