Assume that apples cost $0.50 in 2015 and $1 in 2020, whereas oranges cost $1 in 2015 and $1.50 in 2020. If 4 apples were produced in 2015 and 5 in 2020, whereas 3 oranges were produced in 2015 and 4 in 2020, then in 2020. Based on the information given, in 2020

Select one:

A.

Nominal GDP is $11, real GDP is $6.5, GDP deflator is 1.69, CPI is 1.7

B.

Nominal GDP is $5, real GDP is $11, GDP deflator is 2.2, CPI is 1.7

C.

Nominal GDP is $11, real GDP is $10, GDP deflator is 1.1, CPI is 1.5

D.

Nominal GDP is $11, real GDP is $7.5, GDP deflator is 1.47, CPI is 1.5