THE TOTAL OUTPUT IN UNITS AND AVERAGE SELLING PRICES IN A HYPOTHET...
20. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below: Product X Product Y Year Output(units) Selling Price/unit Output(units) Selling Price/unit 2010 2,800 €9 2,000 €47 2011 3,000 €11 1,800 €52 If the implicit price deflator for GDP in 2010 was 100, for 2011 it is closest to: A. 106.2. B. 106.8 C. 113.4