Question: Table 8-18 2013 2018 Product Quantity Price Quantity Price Camera 100 $10 120 $12 Legal services 50 15 45 20 Books 200 40 210 45

Table 8-18

	2013		2018
Product	Quantity	Price	Quantity	Price
Camera	100	$10	120	$12
Legal services	50	15	45	20
Books	200	40	210	45

A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2013 and 2018 are shown in the table above.

1. Refer to Table 8-18. What is real GDP in 2018, using 2013 as the base year?

Group of answer choices

$28,885

$11,790

$11,200

$10,275

2. Refer to Table 8-18. What is the GDP deflator in 2018 if 2018 is the base year?

Group of answer choices

120

118

100

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