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 2016, this country's
A) real GDP was $880, and the GDP deflator was 111.4.
B) real GDP was $780, and the GDP deflator was 88.6.
C) real GDP was $880, and the GDP deflator was 112.8.
D) real GDP was $780, and the GDP deflator was 112.8.
Correct Answer:
Verified
Q41: Suppose an economy produces only eggs and
Q219: Table 23-4
The table below reports nominal and
Q221: Table 23-5
The country of Caspir produces only
Q222: Table 23-5
The country of Caspir produces only
Q223: Table 23-6
The table below contains data for
Q225: Table 23-5
The country of Caspir produces only
Q226: Table 23-5
The country of Caspir produces only
Q227: Table 23-10
A hypothetical country of Lahland produces
Q228: Table 23-6
The table below contains data for
Q229: Table 23-5
The country of Caspir produces only
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