Define the gdp deflator price index

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Inflation problems. Search the Internet for the 2013 Economic Report of the President and use the GDP deflator price index to answer these questions.

a. Provide the Internet address to prove you found the table.

b. An analyst locates a study that estimates the average beachgoer was willing to pay $2.25 per hour in 2000 to visit a renourished beach. What is the value of this in 1999 dollars?

c. An analyst determines that the real operating expenses for a sewage treatment plant were $40,000 in constant 2000 prices. What is the value of this expense in 2010 prices?

Reference no: EM13179379

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