-Refer to the Information Above to Answer This Question

question 69

Multiple Choice

-Refer to the information above to answer this question.What is the value of the GDP deflator in 2016?

• A)93.9
• B)100.0
• C)104.6
• D)103.0
• E)108.2

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Definitions:

Weighted-average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to each number before averaging.

Materials

Raw inputs or supplies that are converted into finished goods through the manufacturing process.

Beginning Work

Refers to the initial inventory of goods that are in the process of production at the start of a financial period.

First-in

Often related to inventory management, indicating the principle that the first items produced or acquired are the first to be used or sold.