Compute the values of real GDP and GDP deflator in 2018 and 2019 (using 2017 as the base year).

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Compute the values of real GDP and GDP deflator in 2018 and 2019 (using 2017 as the base year).

Table 1: Price and quantity for three types of product
[Jadual 1: Harga dan kuantiti untuk tiga jenis produk]
Year 2019
[Tahun 2019]
Price
Product
Year 2017
Year 2018
[Tahun 2018]
Quantity
[Kuantiti]
[Produk]
[Tahun 2017]
Quantity
[Kuantiti]
Quantity
[Kuantiti]
Price
Price
(RM)
[Harga
(RM)]
1
(RM)
[Harga
(RM)]
(RM)
[Harga
(RM)]
1.25
180
1
200
200
90
75
90
100
100
120
C
0.6
675
0.5
600
0.5
630
Transcribed Image Text:Table 1: Price and quantity for three types of product [Jadual 1: Harga dan kuantiti untuk tiga jenis produk] Year 2019 [Tahun 2019] Price Product Year 2017 Year 2018 [Tahun 2018] Quantity [Kuantiti] [Produk] [Tahun 2017] Quantity [Kuantiti] Quantity [Kuantiti] Price Price (RM) [Harga (RM)] 1 (RM) [Harga (RM)] (RM) [Harga (RM)] 1.25 180 1 200 200 90 75 90 100 100 120 C 0.6 675 0.5 600 0.5 630
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