D Question 5 9 pts Refer to the table below. Which of the following statements is incorrect? Year GDP Deflator 1974 100 1975 120 1976 150 1977 200 Price level in 1977 must be the highest out of the four years, no matter which year was chosen as the base year. The table indicates 1974 was the base year used to get those index numbers. There is no way to figure out whether the economy had produced more output in 1976 compared to 1975 based on this table alone. O Price level in 1977 would be the lowest out of the four years, if 1977 was used as the base year instead