The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2008. Prices and Quantities Year Price of Cereal Quantity of Price of Milk Quantity of Cereal Milk 2008 $4.00 90 $1.50 150 2011 $6.00 150 $3.50 200 In 2011, this country's Select one: O a. real GDP was $900, and the GDP deflator was 177.8 O b. real GDP was $900, and the GDP deflator was 150.2 O c. real GDP was $1065, and the GDP deflator was 177.8 O d. real GDP was $1065, and the GDP deflator was 150.2

The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2008. Prices and Quantities Year Price of Cereal Quantity of Price of Milk Quantity of Cereal Milk 2008 $4.00 90 $1.50 150 2011 $6.00 150 $3.50 200 In 2011, this country's Select one: O a. real GDP was $900, and the GDP deflator was 177.8 O b. real GDP was $900, and the GDP deflator was 150.2 O c. real GDP was $1065, and the GDP deflator was 177.8 O d. real GDP was $1065, and the GDP deflator was 150.2

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 1P

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