question archive Consider Country A whose economy produces only three items: Tomatoes, Potatoes, and Avocados
Consider Country A whose economy produces only three items: Tomatoes, Potatoes, and Avocados
Subject:EconomicsPrice: Bought3
Consider Country A whose economy produces only three items: Tomatoes, Potatoes, and Avocados. The base year is arbitrarily chosen as 2010, see Table 1. Table 1 Table 1 Good Quantity (2010) Price (2010) Tomatoes 1,000 $1.00 Potatoes 2,000 $3.00 Avocados 600 $5.00 Quantity (2011) Price (2011) 11200 $1.50 800 $4.00 500 $6.00 6. The GDP deflator for the base year (2010) * O 100 O 111 O 110 O 131.9
