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Consider an economy with the following market prices and production quantities over time: GOOD A GOOD B GOOD C Year P ($) Q (units) P

Consider an economy with the following market prices and production quantities over time:

GOOD A GOOD B GOOD C

Year P ($) Q (units) P ($) Q (units) P ($) Q (units)

2017 9.00 10 5.00 56 21.00 40

2018 9.00 12 5.25 60 22.00 42

Using 2018 as the base year, the GDP deflator in 2018 was _____.

Question 20 options:

A)

95.73

B)

100

C)

104.46

D)

None of the above/not enough information

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