) Compute the GDP deflator in 2018. e) Compute the GDP deflator in 2019. f) What caused the increase in GDP from 2018 to 2019? pls put in table form:   Items Quantity Price Total tea 200 --- --- shoes 50 --- ---             Nominal/Real GDP ---

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 35P: With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years?...
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d) Compute the GDP deflator in 2018.
e) Compute the GDP deflator in 2019.
f) What caused the increase in GDP from 2018 to 2019?

pls put in table form:
 
Items Quantity Price Total
tea 200 --- ---
shoes 50 --- ---
       
    Nominal/Real GDP ---
Year
Price of Tea Qty of Tea Price of Shoes Qty
of
Shoes
2018
Php10
200
Php100
50
2019
Php11
200
Php110
50
Note: **base year is 2018
Transcribed Image Text:Year Price of Tea Qty of Tea Price of Shoes Qty of Shoes 2018 Php10 200 Php100 50 2019 Php11 200 Php110 50 Note: **base year is 2018
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