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

question 77

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 2008 if 2013 is the base year?

• A) 187
• B) 87
• C) 8.7
• D) 0.87

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Definitions:

Peristalsis

The involuntary constriction and relaxation of muscles in the gastrointestinal tract that enables the movement of food through the system.

Laxatives

Substances that loosen stools and increase bowel movements, used to treat and prevent constipation.

Defecation Reflexes

The natural reflexes that control the process of expelling feces from the body.

Diuretic Effect

The increase in urine production by the kidneys, commonly induced by certain medications or substances, leading to reduced fluid retention in the body.