Multiple Choice
Refer to the information provided in Table 21.9 below to answer the question(s) that follow.
Table 21.9
-Refer to Table 21.9. Assume that this economy produces only two goods Good X and Good Y. If year 1 is the base year, the value for this economy's GDP deflator in year 1 is
A) 1.
B) 100.
C) 110.
D) 111.
Correct Answer:

Verified
Correct Answer:
Verified
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