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Table 8-18 a Very Simple Economy Produces Three Goods: Cameras,legal

Question 11

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Table 8-18
Table 8-18 A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2008 and 2013 are shown in the table above. -Refer to Table 8-18.What is the GDP deflator in 2013 if 2013 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 2013 are shown in the table above.
-Refer to Table 8-18.What is the GDP deflator in 2013 if 2013 is the base year?


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

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