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Suppose that there are only two goods produced in an economy: bread and computer disks. The GDP data is shown below: Good Price ($) Quantity
Suppose that there are only two goods produced in an economy: bread and computer disks. The GDP data is shown below: Good Price ($) Quantity Base Year.....Current Year Base Year. Current Year Bread. $1.00 52.10 70 000 75 000 Computer disks......$1.00 $1.80 25 000 18 000 Based on the data above, what is the GDP deflator in the current year? O 200 O 100 O 206 O 49 O 204
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