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The Following Table Contains Prices and Quantities for the Three

Question 67

Multiple Choice

The following table contains prices and quantities for the three goods produced in the country of Linfieldia.
The following table contains prices and quantities for the three goods produced in the country of Linfieldia. -Refer to the table above.Assuming that 2015 is the base year,what is the inflation rate between 2014 to 2016 using the GDP deflator and the Consumer Price Index? A) 74 percent with the GDP deflator, 94 percent with the Consumer Price Index B) 94 percent with the GDP deflator, 74 percent with the Consumer Price Index C) 74 percent with both D) 94 percent with both
-Refer to the table above.Assuming that 2015 is the base year,what is the inflation rate between 2014 to 2016 using the GDP deflator and the Consumer Price Index?


A) 74 percent with the GDP deflator, 94 percent with the Consumer Price Index
B) 94 percent with the GDP deflator, 74 percent with the Consumer Price Index
C) 74 percent with both
D) 94 percent with both

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