The table below shows total output for an economy over 2 years.
2012 Price Quantity Good A $1.00 100 units Good B $2.00 200 units Good C $5.00 100 units 2013 Price Quantity Good A $2.00 120 units Good B $3.00 200 units Good C $10.00 98 units
TABLE 20-5
16) Refer to Table 20-5. The implicit GDP deflator in 2013, when 2012 is used as the base year, was approximately
Select one:
a. 105.
b. 160.
c. 180.
d. 193.
e. 203.
The table below shows total output for an economy over 2 years.
| 2012 | Price | Quantity |
| Good A | $1.00 | 100 units |
| Good B | $2.00 | 200 units |
| Good C | $5.00 | 100 units |
| 2013 | Price | Quantity |
| Good A | $2.00 | 120 units |
| Good B | $3.00 | 200 units |
| Good C | $10.00 | 98 units |
TABLE 20-5
16) Refer to Table 20-5. The implicit GDP deflator in 2013, when 2012 is used as the base year, was approximately
Select one:
a. 105.
b. 160.
c. 180.
d. 193.
e. 203.
Related textbook solutions
Related questions
The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013.
| Year | Price Of Waffles | Quantity of Waffles | Price of Pancakes | Quantity of Pancakes |
| 2010 | 2.00 | 80 | 1.00 | 100 |
| 2011 | 2.00 | 100 | 2.00 | 120 |
| 2012 | 2.00 | 120 | 3.00 | 150 |
| 2013 | 4.00 | 150 | 3.00 | 200 |
Refer to the table. This country's inflation rate from 2010 to 2011 was:
A. 138.20%.
B. 41.90.
C. 1.38%.
D. 38.20%.
The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2009.
Prices and Quantities
|
Year |
Price of Waffles |
Quantity of Waffles |
Price of Pancakes |
Quantity of Pancakes |
|
2008 |
$2.00 |
100 |
$1.00 |
100 |
|
2009 |
$2.00 |
120 |
$2.00 |
150 |
|
2010 |
$2.00 |
150 |
$3.00 |
200 |
|
2011 |
$4.00 |
180 |
$3.00 |
220 |
Refer to Table 1. In 2010, this country's GDP deflator was
|
77.8. |
||
|
100. |
||
|
128.6. |
||
|
150. |
