Table 23-3 -Refer to Table 23-3.Using the GDP Deflator to Measure the Deflator

question 143

Multiple Choice

Table 23-3

-Refer to Table 23-3.Using the GDP deflator to measure the average level of prices and using 2006 as the base year,the economy's inflation rate is

• A)20 percent for 2007 and 12.5 percent for 2008.
• B)20 percent for 2007 and 30 percent for 2008.
• C)25 percent for 2007 and 28 percent for 2008.
• D)44.7 percent for 2007 and 45.5 percent for 2008.

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