Question: Question 1 A tiny country only produces two goods: Computer and TV. The following table shows the prices and quantities of the two goods for

 Question 1 A tiny country only produces two goods: Computer and

Question 1 A tiny country only produces two goods: Computer and TV. The following table shows the prices and quantities of the two goods for 2000, 2001, and 2002. Using the given information, please find the Real GDP and GDP Deflator for 2001. (Base Year: 2000) Computer TV Year Price ($) Quantity Price ($) Quantity 2000 1000 2 500 25 2001 1100 550 30 2002 1300 3 700 40 A. 19800, 116.47 B. 16500; 100 C. 17000, 116.47 D. 18750: 130 75

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