Multiple Choice
Table 2.3
2007 2010 2013
Quantity Price Quantity Price Quantity Price
Table 2.3 gives quantities and prices for each good produced in a simple economy in 2007, 2010, and 2013.
-Refer to Figure 2.3.Assume that 2010 is the base year.The GDP deflator for 2010 is
A) 67.1.
B) 84.5.
C) 100.0.
D) 118.3.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Almost _ of the CPI basket falls
Q12: If the GDP deflator is less than
Q13: The _ refers to the production and
Q14: Gross Domestic Product can be described as<br>A)
Q15: Many provincial and local governments find themselves
Q17: Which of the following goods is directly
Q18: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q19: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q20: Which of the following could cause nominal
Q21: Nominal GDP is the value of goods