Question: Please answer this question and provide full calculations and explanation of how you reached the answer. Consider the table below. If 2016 is the base

Please answer this question and provide full calculations and explanation of how you reached the answer.

Consider the table below. If 2016 is the base year,what is the value of GDP deflator for 2017? Prices and volumes Prices 2016 Volumes 2016 Prices 2017 Volumes 2017 Food 5 500 8 700 Equipment 7 300 15 600 Select one: a. 1.674 b. 1.896 c. 1.849 d. 3.174

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