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The Country of Old Jersey Produces Milk and Butter,and It

Question 1

Multiple Choice

The country of Old Jersey produces milk and butter,and it has published the following macroeconomic data,where quantities are in gallons and prices are dollars per gallon. The country of Old Jersey produces milk and butter,and it has published the following macroeconomic data,where quantities are in gallons and prices are dollars per gallon. Between Year 1 and Year 2,the GDP deflator (based on Year 1 as a base year) rose A) 60.00%. B) 81.25%. C) 83.33%. D) 123.00%. Between Year 1 and Year 2,the GDP deflator (based on Year 1 as a base year) rose


A) 60.00%.
B) 81.25%.
C) 83.33%.
D) 123.00%.

Correct Answer:

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