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Question 10 (2 points) How are the weights on the various goods and services in the CPI basket determined? 0 Each good and service is
Question 10 (2 points) How are the weights on the various goods and services in the CPI basket determined? 0 Each good and service is weighted according to its price. 0 The weights equal the ratio of expenditures on each good or service divided by the total consumption expenditures in the GDP accounts. 0 Each good and service is weighted according to its quantity. 0 A serve},r is conducted to determine how much of each good and service typical consumers purchase. Question 9 (2 points) Year Price of Burgers Quantity of Burgers Price of Magazines Quantity of Magazines 2017 $4.00 100 $2.00 180 2018 $5.00 120 $2.50 200 2019 $6.00 150 $3.50 200 Using 2017 as the base year, what can we conclude for 2018? O Real GDP is $950, and the GDP deflator is 95. O Real GDP is $880, and the GDP deflator is 80. O Real GDP is $880, and the GDP deflator is 125 O Real GDP is $880, and the GDP deflator is 95
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