Cookies Smartphones 2019 (base year) 2020 2021 P P Q P Q $1 900 $2 1,000 $4 1,250 $800 185 $1,100 200 $1,200 210 Refer to the table. Calculate the GDP deflator in 2021. 134.4 151.8 O 126.8 146.8
Cookies Smartphones 2019 (base year) 2020 2021 P P Q P Q $1 900 $2 1,000 $4 1,250 $800 185 $1,100 200 $1,200 210 Refer to the table. Calculate the GDP deflator in 2021. 134.4 151.8 O 126.8 146.8
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Cookies
Smartphones
2019 (base year)
2020
2021
P
P
Q
P
Q
$1
900
$2
1,000
$4
1,250
$800
185
$1,100
200
$1,200
210
Refer to the table. Calculate the GDP deflator in 2021.
134.4
151.8
O 126.8
146.8
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