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Assume an economy in which only broccoli and cauliflower are produced

Accounting

Assume an economy in which only broccoli and cauliflower are produced. In year 1, 600 million kilograms of broccoli are produced and consumed and its price is $0.90 per kilogram, while 750 million kilograms of cauliflower are produced and consumed and its price is $0.70 per kilogram. In year 2, 800 million kilograms of broccoli are produced and consumed and its price is $0.95 per kilogram, while 650 million kilograms of cauliflower are produced and its price is $0.80 per kilogram.

 Using year 1 as the base year, the GDP price deflator in year 1 is and the GDP price deflator in (Round your responses to two decimal places as needed.) year 2 is

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