Table 23-5
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 2015.
Prices and Quantities 
-Refer to Table 23-5. In 2015, 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 100%.
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
Q231: Table 23-10
A hypothetical country of Lahland produces
Q232: Table 23-6
The table below contains data for
Q233: Table 23-6
The table below contains data for
Q234: Table 23-4
The table below reports nominal and
Q235: Table 23-4
The table below reports nominal and
Q237: Table 23-6
The table below contains data for
Q238: Table 23-10
A hypothetical country of Lahland produces
Q239: Table 23-6
The table below contains data for
Q240: Table 23-10
A hypothetical country of Lahland produces
Q241: Table 23-8
A country produces only meat and
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