Mathematics, 05.02.2022 05:50, xaviuzc

Look at the table Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. What is the GDP deflator in 2016? Lemonade :
Output 2016 Price 2016
200Glasses $1Per Glass

Output 2017 Price 2017
220Glasses $1Per Glass

Cookies
2016 -100Cookies $2Per Cookie

2017- 100Cookies $2.25Per cookie

A. 100
B. 106
C. 116
D. 126

Answers: 2

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Look at the table Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. W...