Refer to Table 8-18. What is the GDP deflator in 2011 if 2016 is the base year?

Price discrimination occurs when a monopolist charges

a. both c and d b. different prices to different buyers for different products c. different prices to different groups of buyers, based on differences in the cost of providing the commodity to the buyer d. different prices to different groups of buyers for reasons unrelated to the cost of providing the commodity to the buyer e. all buyers the same price for the same product

If a flat tax plan allowed individuals to deduct a standard allowance of $20,000 and the flat tax rate was 20 percent, an individual earning $100,000 would pay an average tax rate of 20%

a. True b. False Indicate whether the statement is true or false