Table 23-3 -Refer to Table 23-3.Using the GDP Deflator to Measure the Deflator

Multiple Choice

Table 23-3

-Refer to Table 23-3.Using the GDP deflator to measure the average level of prices and using 2006 as the base year,the economy's inflation rate is

A) 20 percent for 2007 and 12.5 percent for 2008.
B) 20 percent for 2007 and 30 percent for 2008.
C) 25 percent for 2007 and 28 percent for 2008.
D) 44.7 percent for 2007 and 45.5 percent for 2008.