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Author Question: The GDP deflator in year 3 is 85 using year 1 as a base year. This means that, on average, the price ... (Read 185 times)

nenivikky

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on: Apr 19, 2019

Question 1

The GDP deflator in year 3 is 135 using year 1 as a base year. This means that, on average, the price of goods and services is


◦ 135% higher in year 3 than in year 1.
◦ 17.5% higher in year 3 than in year 1.
◦ 35% higher in year 3 than in year 1.
◦ 17.5% higher in year 1 than in year 3.

Question 2

The GDP deflator in year 3 is 85 using year 1 as a base year. This means that, on average, the price of goods and services is


◦ 15% higher in year 3 than in year 1.
◦ 7.5% higher in year 3 than in year 1.
◦ 15% higher in year 1 than in year 3.
◦ 7.5% higher in year 1 than in year 3.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nenivikky on Apr 19, 2019

nguyenhoanhat

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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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nenivikky

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

Dominic

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

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