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Year Price of pens Quantity of Price of books Quantity of pens books 2003 63 100 e10 50 2004 120 12 70 2005 120 14

Year Price of pens Quantity of Price of books Quantity of pens books 2003 63 100 e10 50 2004 120 12 70 2005 120 14 70 Refer to Figure 23-1. What is the value of the GDP deflator in 2004? a. 119 b. 138 c. 116 d. 113 e. 100

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