The Table Below Shows Total Output for an Economy Over

question 91

Multiple Choice

The table below shows total output for an economy over 2 years. TABLE 20-5 Refer to Table 20-5.The implicit GDP deflator in 2019,when 2018 is used as the base year,was approximately

• A)105.
• B)160.
• C)180.
• D)193.
• E)203.

---

Definitions:

United States

A country located in North America, comprising 50 states, a federal district, and several territories, known for its diverse geography and multicultural population.

Market Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Jazz Festival

A musical event focusing primarily on jazz music, often featuring performances by various artists.

Scalping

The practice of buying tickets to an event and reselling them at a higher price for profit, often just before the event occurs.