Table 15-4
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
-Refer to Table 15-4.In 2008,this country's
A) nominal GDP was greater than real GDP,and the GDP deflator was greater than 100.
B) nominal GDP was equal to real GDP,and the GDP deflator was equal to 1.
C) nominal GDP was less than real GDP,and the GDP deflator was less than 100.
D) nominal GDP was equal to real GDP,and the GDP deflator was equal to 100.
Correct Answer:
Verified
Q291: Table 15-4
The table below reports nominal and
Q292: Table 15-4
The table below reports nominal and
Q293: Table 15-5
A hypothetical country of Lahland produces
Q294: Table 15-4
The country of Caspir produces only
Q295: Table 15-4
The country of Caspir produces only
Q297: Table 15-4
The table below reports nominal and
Q298: Table 15-4
The country of Caspir produces only
Q299: Table 15-4
The table below reports nominal and
Q300: Table 15-4
The country of Caspir produces only
Q301: Table 15-6
The table below contains data for
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