The Table Below Shows Total Output for an Economy Over

question 18

Multiple Choice

The table below shows total output for an economy over 2 years. TABLE 20-8 Refer to Table 20-8.The implicit GDP deflator in 2018 (using 2018 as the base year) is

• A)71.59.
• B)100.
• C)103.4.
• D)114.6.
• E)139.7.

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Definitions:

Revenues

The overall income received from selling products or services, which are essential to a firm's primary business.

Expenses

The money spent or costs incurred by a business in the process of earning revenue.

Common Stock

Common Stock represents ownership shares in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Revenues

The total income generated from normal business operations and other activities, such as the sale of goods or services.