Refer to the information provided in Table 21.10 below to answer ...

[penguins]

Question 1

Refer to the information provided in Table 21.10 below to answer the question(s) that follow.









Refer to Table 21.10. 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

◦ 84.5.
◦ 92.4.
◦ 105.0.
◦ 108.2.

Question 2

Refer to the information provided in Table 21.10 below to answer the question(s) that follow.









Refer to Table 21.10. Assume that this economy produces only two goods Good 
X and Good 
Y. If year 2 is the base year, the value for this economy's real GDP in year 3 is

◦ $270.
◦ $178.
◦ $156.
◦ $132.

[Chou]

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[penguins]

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[Chou]

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