Table 19-12 -Refer to Table 19-12.Given the Information Above,calculate the GDP Deflator

question 55

Essay

Table 19-12

-Refer to Table 19-12.Given the information above,calculate the GDP deflator for both 2010 and 2011.What does the value of the deflator in the year 2010 tell you about that year with respect to the base year? What happened to prices in 2011 as compared to 2010?

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