In the country of Mainia,only cranberries and maple syrup are produced.In 2006,50 units of cranberries are sold at $20 per unit,and 100 units of maple syrup are sold at $10 per unit.The price of cranberries was $10 per unit and the price of maple syrup was $15 per unit in 2005,which is the base year.For 2006,

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Nominal GDP is the value of all goods and services produced in an economy in a given year, valued at current prices. In 2006, the nominal GDP of Mainia is $2,000 (50 units of cranberries x $20 per unit + 100 units of maple syrup x $10 per unit).Real GDP is the value of all goods and services produced in an economy in a given year, valued at constant prices. In 2006, the real GDP of Mainia is $2,000 (50 units of cranberries x $10 per unit + 100 units of maple syrup x $15 per unit).The GDP deflator is a measure of the overall price level of goods and services in an economy. It is calculated by dividing nominal GDP by real GDP and multiplying by 100. In 2006, the GDP deflator of Mainia is 100 ($2,000/$2,000 x 100).

In the Country of Mainia,only Cranberries and Maple Syrup Are