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Table 10-4
the Country of Caspir Produces Only Cereal and Milk

Question 285

Multiple Choice

Table 10-4
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
 Year  Price af Cereal  Quantity af  Cereal  Price af Millz  Quantity df  Mill 2008$4.0090$1.501502009$4.00100$2.001802010$5.00120$2.502002011$6.00150$3.50200\begin{array} { c c c c c } \text { Year } & \text { Price af Cereal } & \begin{array} { c } \text { Quantity af } \\\text { Cereal }\end{array} & \text { Price af Millz } & \begin{array} { c } \text { Quantity df } \\\text { Mill }\end{array} \\\hline 2008 & \$ 4.00 & 90 & \$ 1.50 & 150 \\2009 & \$ 4.00 & 100 & \$ 2.00 & 180 \\2010 & \$ 5.00 & 120 & \$ 2.50 & 200 \\2011 & \$ 6.00 & 150 & \$ 3.50 & 200\end{array}
-Refer to Table 10-4. 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.

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