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Table 5-4 Use the following table to answer the following questions. Year Price of Quantity of Price of Quantity of Burgers Burgers Magazines Magazines 2010

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Table 5-4 Use the following table to answer the following questions. Year Price of Quantity of Price of Quantity of Burgers Burgers Magazines Magazines 2010 $4.00 100 $2.00 180 2011 $5.00 120 $2.50 200 2012 $6.00 150 $3.50 200 4. Refer to the Table 5-4. Using 2011 as the base year, what can we conclude for 2010? a. Real GDP is $880, and the GDP deflator is 80. b. Real GDP is $760, and the GDP deflator is 125. c. Real GDP is $950, and the GDP deflator is 80. d. Real GDP is $880, and the GDP deflator is 125

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