Table 19-18 a Very Simple Economy Produces Three Goods: Cameras

question 22

Multiple Choice

Table 19-18
A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2008 and 2013 are shown in the table above.
-Refer to Table 19-18. What is the GDP deflator in 2013 if 2013 is the base year?

• A) 120
• B) 118
• C) 100
• D) 87

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