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Author Question: The GDP deflator in year 2 is 110 using year 1 as a base year. This means that, on average, the ... (Read 123 times)

ts19998

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on: Apr 19, 2019

Question 1

The GDP deflator in year 2 is 110 and the GDP deflator in year 3 is 118. The rate of inflation between years 2 and 3 is


◦ 4.55%.
◦ 7.27%.
◦ 8%.
◦ 18%.

Question 2

The GDP deflator in year 2 is 110 using year 1 as a base year. This means that, on average, the price of goods and services is


◦ 110% higher in year 2 than in year 1.
◦ 10% higher in year 2 than in year 1.
◦ 5% higher in year 1 than in year 2.
◦ 110% higher in year 1 than in year 2.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by ts19998 on Apr 19, 2019

ergserg

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ts19998

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

alvinum

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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