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C is not the correct answer Consider the following information for an economy that produces only two goods, clothing and food. Using 2015 as the

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C is not the correct answer

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Consider the following information for an economy that produces only two goods, clothing and food. Using 2015 as the base year, calculate: i) the inflation rate (T) using the GDP deflator, and ii) the growth rate of real GDP (gy) between 2016 and 2017. (Round calculations to one decimal) 2015 2016 2017 Price Quantity Price Quantity Price Quantity Clothing 5 30 3 40 4 45 Food 2 50 4 80 90 O A. TI = 10%, gy= -8.0% O B. IT = -9.1%, gy= 12.5% O C. TI = 10%, gy = 12.5% O D. IT = -9.1%, gy = 10.3%

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