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The following table contains prices and quantities for the three goods produced in the country of ...
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The following table contains prices and quantities for the three goods produced in the country of ...
The following table contains prices and quantities for the three goods produced in the country of Linfieldia.
Year
Price of a Notebook
Quantity of Notebooks
Price of a Thesis
Quantity of
Theses
Price of a Doughnut
Quantity of Doughnuts
2014
$2.00
80
$830
6
$0.50
400
2015
$2.50
75
$780
8
$1.00
400
2016
$3.00
90
$1,500
3
$1.00
350
Refer to the table above. Assuming that 2015 is the base year, what is the GDP deflator for 2016?
▸ 116
▸ 176
▸ 149
▸ 87
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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