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Author Question: Table 8-18 A very simple economy produces three goods: cameras, legal services, and books. The ... (Read 40 times)

olgavictoria

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on: Mar 16, 2019

Question 1

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

Question 2

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?


◦ 187
◦ 87
◦ 8.7
◦ 0.87
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by olgavictoria on Mar 16, 2019

mcinincha279

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Reply #1 on: Mar 16, 2019
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olgavictoria

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Reply #2 on: Mar 16, 2019
Thank you!


mcinincha279

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Reply #3 on: Mar 16, 2019
Always glad to help...


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