A country produces only meat and potatoes in the quantities and prices listed below. Use 2011 as the base year. Year 2011 2012 2013 O 134. 113. O 122. Price of Potatoes 92. $2.00 $2.50 $3.50 Quantity of Potatoes Refer to Table 23-8. In 2012, GDP deflator is 10 15 20 Price of Meat $20 $22 $25 Quantity of Meat 6 8

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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A country produces only meat and potatoes in the quantities and prices listed below. Use 2011 as the base year.
Year
2011
2012
2013
O 134.
113.
O 122.
Price of
Potatoes
92.
$2.00
$2.50
$3.50
Quantity of
Potatoes
Refer to Table 23-8. In 2012, GDP deflator is
10
15
20
Price of Meat
$20
$22
$25
Quantity of
Meat
6
8
Transcribed Image Text:A country produces only meat and potatoes in the quantities and prices listed below. Use 2011 as the base year. Year 2011 2012 2013 O 134. 113. O 122. Price of Potatoes 92. $2.00 $2.50 $3.50 Quantity of Potatoes Refer to Table 23-8. In 2012, GDP deflator is 10 15 20 Price of Meat $20 $22 $25 Quantity of Meat 6 8
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