Economics help needed: what is the Implicit Price Deflator for GDP for both years?
Time limit:1 Day
Let the price of Barbancourt ( the Haitian Rum) be $15 a bottle in the year 200 and $25 in the year 2014 and its production 5,000 and 7,500 bottles respectively for the two years. Let the price of a bag of rice be $200 in 2000 and $350 in 2014, when its production is 10,000 and 25,000 bags for the same two years. Let the price of a bag of beans be $250 in 2000 and $400 in 2014, when its production is 8,000 and 20,000 bags of the two years respectively. Using the yer 2000 as the base year compute
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