Question: Question 1 0 ( 1 point ) Suppose the information in the following table is for a simple economy that produces only four goods and
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Suppose the information in the following table is for a simple economy that produces only four goods and services: shoes, hamburgers, shirts, and cotton. Assume that shoes, hamburgers, and shirts are final goods and that all the cotton is used in the production of shirts. Calculate the GDP deflator for Use as the base year for the calculations. Provide your answer as a number rounded to two decimal places. Do not include any symbols, such as $ or in your answer.
tableProductQuantity,Price,Quantity,Price,Quantity,PriceShoes$$$
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