Table 420 a Very Simple Economy Produces Three Goods: Cameras

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 2007 if 2017 is the base year?

A) 187
B) 100
C) 87
D) 8.7
E) 0.87