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The Table Below Shows the Total Output and Prices for an Economy

question 63

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The table below shows the total output and prices for an economy that produces only two goods,potatoes and oil.Data is provided for the years 2005 and 2015.
Quantities Produced Prices
The table below shows the total output and prices for an economy that produces only two goods,potatoes and oil.Data is provided for the years 2005 and 2015. Quantities Produced Prices    TABLE 20-6 -Refer to Table 20-6.If 2005 is the base year,the GDP deflator in 2015 was A) 59.1. B) 85.7. C) 100. D) 131.67. E) 159.1. TABLE 20-6
-Refer to Table 20-6.If 2005 is the base year,the GDP deflator in 2015 was


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Practical

Denotes something that is oriented towards action or utility, often emphasizing effectiveness and convenience in real-life situations.

Good Theory

A well-substantiated explanation of some aspect of the natural world that is acquired through the scientific method and repeatedly tested and confirmed through observation and experimentation.

Operational Definition

A clear, precise way of defining a concept by specifying the operations or procedures used to measure or identify it.

Variable

An element, feature, or factor that is likely to vary or change in value between different individuals or under different conditions.

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