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21 Oct 2020

Consider an economy that produces and consumes coffee and tea. In the following table are data for two different years. Using the year 2019 as base year, what is the GDP Deflator for 2019?

 

2019

2020

Good

Quantity 

Price

Quantity 

Price

Coffee

100

$50,000

120

$60,000

Tea

500,000

$10,000

400,000

$20,000

  1. 1

  2. 1.2

  3. 1.4

  4. 1.6

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Kristelle Balando
Kristelle BalandoLv10
21 Oct 2020

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