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Author Question: Refer to Table 8-18. What is the GDP deflator in 2011 if 2016 is the base year? A) 187 B) 87 C) ... (Read 35 times)

formula1

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on: Jun 29, 2018
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

Question 2

What is the government purchases multiplier if the tax rate is 0.2 and the marginal propensity to consume is 0.8? Assume the economy is closed.
 
  A) 2.78 B) 5 C) 6.25 D) 100


janeli1

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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