The Table Below Shows Total Output for an Economy Over

question 30

Multiple Choice

The table below shows total output for an economy over 3 years.
* millions of dollars
** real GDP measured in millions of 2007 dollars
TABLE 20-7
-Refer to Table 20-7.The implicit GDP deflator for 2015 is approximately

• A)94.
• B)107.
• C)108.
• D)109.
• E)110.

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Definitions:

Fabrication Line

A machine-paced, product-oriented facility for building components.

Process-Oriented Layout

A layout that deals with low-volume, high-variety production in which like machines and equipment are grouped together.

Material Handling Costs

Expenses involved in moving, protecting, storing and controlling materials throughout the manufacturing process.