Question: Price and quantity data are given as the following. Year 1 Good Quantity Price Computers 50 $1,000 Bread 10,000 $1.00 Tractors 20 $1,000.00 Year 2

Price and quantity data are given as the following. Year 1 Good Quantity Price Computers 50 $1,000 Bread 10,000 $1.00 Tractors 20 $1,000.00 Year 2 Good Quantity $1,005 Bread $1.50 Tractors $1,200.00 Suppose there is a domestic economy that produces computers, bread, and tractors. The computers and bread are sold to the household as final consumption goods and the tractors are sold to firms as non-residential investment expenditure. Using this information as well as the numbers above, answer the following questions. Refer to the numbers above. Assuming year 1 is the base, what is the GDP deflator in year 1

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