ASSUME THAT AN ECONOMY IS COMPOSED OF TWO PRODUCTS, X AND Y, WITH...

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Assume that an economy is composed of two products, X and Y, with the following details: Product Quantity Unit Prices in Produced in 2013 2012 in 2012 2013 X 351.0 352.0 13.3 13.8 Y 179.0 182.5 unknown 11.1 Assuming 2012 is the base year for measuring GDP and the GDP deflator for the economy in 2013 is 102.4, the unit price of Y in 2012 is closest to: A. 10.8. B. 11.2. C. 11.5.