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Table 19-6 A Very Simple Economy Produces Three Goods: Cameras, Legal Services

Question 73

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Table 19-6
Table 19-6 A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2008 and 2011 are shown in the table above. -Refer to Table 19-6. What is the GDP deflator in 2011 if 2011 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 2008 and 2011 are shown in the table above.
-Refer to Table 19-6. What is the GDP deflator in 2011 if 2011 is the base year?


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

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