Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Can you solve the option g please and fill the table. the 7.3 png is the main question and the 7.5 png is the option g. Briefly explain it please
![g. Using 2018 as the base year, fill in the following table.
Year
GDP deflator measured on a 100-point scale with 2018 as the base year
2018
2019
2020](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5bcab100-e0ab-49d6-a724-4e071a76debe%2Faa168601-4769-4447-a844-d50a857184d8%2Fb3xvz4c_processed.png&w=3840&q=75)
Transcribed Image Text:g. Using 2018 as the base year, fill in the following table.
Year
GDP deflator measured on a 100-point scale with 2018 as the base year
2018
2019
2020
![7. Suppose a country produces three goods: Good X, Good Y and Good Z. The following table
provides information about the prices and output for these three goods for the years 2018, 2019 and
2020.
Year
Price per Good
X
Quantity of
Good X
Price per Good
Quantity of
Good Y
Price per Good
Quantity of
Good Z
Y
2018
$10
10
$5
10
$10
20
2019
$10
14
$5.2
11
$10
21
2020
$1
14
$5.4
12
$10
23](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5bcab100-e0ab-49d6-a724-4e071a76debe%2Faa168601-4769-4447-a844-d50a857184d8%2Fj4yoh7m_processed.png&w=3840&q=75)
Transcribed Image Text:7. Suppose a country produces three goods: Good X, Good Y and Good Z. The following table
provides information about the prices and output for these three goods for the years 2018, 2019 and
2020.
Year
Price per Good
X
Quantity of
Good X
Price per Good
Quantity of
Good Y
Price per Good
Quantity of
Good Z
Y
2018
$10
10
$5
10
$10
20
2019
$10
14
$5.2
11
$10
21
2020
$1
14
$5.4
12
$10
23
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