Suppose a country produces two final goods pizzas ps and, Business Economics

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Suppose a country produces two final goods pizzas ps and

Suppose a country produces two final goods, Pizzas (Ps) and Tacos (Ts). In Year 1 it produced 10 Ps at a price of $5 each and 50 Ts at a price of $1 each. In Year 2 it produced 15 Ps at a price of $6 and 50 Ts at a price of $2. If Year 1 is the base year, the inflation rate in the GDP deflator between Years 1 and 2 is 52%.

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Business Economics: Suppose a country produces two final goods pizzas ps and

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