If Year 1 is the base year, the GDP price deflator for Year 2 is approximately
A) 100.0.
B) 126.3.
C) 131.3.
D) 181.0.
B
Economics
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Refer to the diagram below for the milk market. In this market, the equilibrium price is ____ and equilibrium quantity is ___
A. $1.50 per gallon; 28 million gallons
B. $1.50 per gallon; 30 million gallons
C. $28 per gallon; 150 million gallons
D. $1.00 per gallon; 35 million gallons
Economics
The CPI is a commonly used and closely watched measure of inflation. However, it has limitations. What are they?
What will be an ideal response?
Economics