Assume the Table Shown Displays the Total Output and Prices

question 86

Multiple Choice

Assume the table shown displays the total output and prices of the only two goods produced in a small economy. What is the value of the GDP deflator in 2020 (rounded to the nearest whole number) ?

• A) 135
• B) 74
• C) 109
• D) 105

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Definitions:

Slope

The measure of the steepness or incline of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Point

A specific location in space defined by coordinates in a given dimension.

Slope

The gradient of a line, described as the division of the change in height by the change in width between two points on that line.

Graph

A visual representation of data or mathematical functions typically plotted with coordinates on a two-dimensional plane.