Table 8-18 a Very Simple Economy Produces Three Goods: Cameras,legal

question 14

Multiple Choice

Table 8-18
A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2013 and 2018 are shown in the table above.
-Refer to Table 8-18.What is the GDP deflator in 2013 if 2018 is the base year?

• A)187
• B)87
• C)8.7
• D)0.87

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Definitions:

Empathetic

Showing an ability to understand and share the feelings of another.

Early Adolescence

A developmental phase, typically occurring between the ages of 10 and 14, characterized by rapid physical, cognitive, and emotional changes, including the onset of puberty.

Parental Discord

Conflict or disharmony between parents, which can have negative psychological impacts on children.

Poor Parenting

Suboptimal child-rearing practices that can negatively affect a child's development, wellbeing, and relationship with others.