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The following table contains information about an economy that produces only pens and books. The base year is 2003. Year Price of pens Quantity
The following table contains information about an economy that produces only pens and books. The base year is 2003. Year Price of pens Quantity of pens Price of books Quantity books 2003 3 100 10 50 2004 3 120 12 70 2005 4 120 14 70 What is the approximate GDP deflator of 2005? A. 112 B. 117 C. 125 D. 138
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428469, 013342846X, 133428370, 978-0133428377
