Multiple Choice
Table 4.20 A very simple economy produces three goods: cameras, legal services, and books.The quantities produced and their corresponding prices for 2007 and 2017 are shown in the table above.
-Refer to Table 4.20.What is the GDP deflator in 2017 if 2017 is the base year?
A) 120
B) 118
C) 100
D) 87
E) 78
Correct Answer:

Verified
Correct Answer:
Verified
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