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

Question 7

Multiple Choice

Table 19-18
Table 19-18 A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2013 and 2018 are shown in the table above. -Refer to Table 19-18. What is the GDP deflator in 2018 if 2018 is the base year? A) 120 B) 118 C) 100 D) 87 A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2013 and 2018 are shown in the table above.
-Refer to Table 19-18. What is the GDP deflator in 2018 if 2018 is the base year?


A) 120
B) 118
C) 100
D) 87

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