Solved

Table 5-3. Prices and Quantities

Question 143

Multiple Choice

Table 5-3.
Prices and Quantities
Table 5-3. Prices and Quantities -Refer to Table 5-3. Using 2009 as the base year, what can we conclude for 2008? A) Real GDP is $760 and the GDP deflator is 100. B) Real GDP is $760 and the GDP deflator is 125. C) Real GDP is $880 and the GDP deflator is 80. D) Real GDP is $950 and the GDP deflator is 80.
-Refer to Table 5-3. Using 2009 as the base year, what can we conclude for 2008?


A) Real GDP is $760 and the GDP deflator is 100.
B) Real GDP is $760 and the GDP deflator is 125.
C) Real GDP is $880 and the GDP deflator is 80.
D) Real GDP is $950 and the GDP deflator is 80.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: With respect to GDP, how is unemployment

Q24: How does the value of total sales

Q138: Suppose that Nova Scotia produces cheese and

Q139: Table 5-3.<br>Prices and Quantities<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table

Q141: Table 5-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 5-1

Q142: For which of the following purposes do

Q144: What is the income that households and

Q145: How is GDP computed?<br>A)Add up the quantities

Q146: The information below was reported by the

Q147: Which of these will increase Canadian net