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