Table 19-18 A Very Simple Economy Produces Three Goods: Cameras,legal Services,and Books

question 155

Multiple Choice

Table 19-18
$$\begin{array} { | l | c | c | c | c | } \hline & \mathbf { 2 0 1 1 } & & \mathbf { 2 0 1 6 } & \\\hline \text { Product } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \text { Camera } & 100 & \$ 10 & 120 & \$ 12 \\\hline \text { Legal services } & 50 & 15 & 45 & 20 \\\hline \text { Books } & 200 & 40 & 210 & 45 \\\hline\end{array}$$ A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above.
-Refer to Table 19-18.What is the GDP deflator in 2011 if 2016 is the base year?

• A)187
• B)87
• C)8.7
• D)0.87

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Definitions:

Structural Social Support

The provision of support through societal, community, and organizational structures that offer individuals emotional, informational, or practical aid.

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Difficulties related to social factors and individual psychological processes which may affect mental health.

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A condition of mental well-being in which one consistently experiences a low mood or a disinterest in daily activities, leading to considerable disruption in daily living.

Anxiety

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.