Multiple Choice
Refer to the information provided in Table 6.10 below to answer the questions that follow.
Table 6.10
-Refer to Table 6.10. Assume that this economy produces only two goods Good X and Good Y. If year 1 is the base year, the value for this economy's GDP deflator in year 1 is
A) 98.
B) 100.
C) 112.
D) 120.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: The interest on loans paid by businesses
Q66: Which of the following is not counted
Q67: Profits earned in a foreign country by
Q68: Which of the following is a good
Q69: If the change in business inventories is
Q71: The difference between GNP and GDP is
Q72: Refer to the information provided in Table
Q73: Which of the following would be counted
Q74: The percentage of disposable personal income that
Q75: Taco Bell opens a branch in Iceland.