Question 1
Refer to the information provided in Table 21.9 below to answer the question(s) that follow.
Refer to Table 21.9. Assume that this economy produces only two goods Good
X and Good
Y. If year 1 is the base year, the value for this economy's GDP deflator in year 1 is
◦ 1.
◦ 100.
◦ 110.
◦ 111.
Question 2
Refer to the information provided in Table 21.9 below to answer the question(s) that follow.
Refer to Table 21.9. Assume that this economy produces only two goods Good
X and Good
Y. If year 1 is the base year, the value for this economy's GDP deflator in year 2 is
◦ 93.9.
◦ 100.
◦ 106.5.
◦ 179.
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