How do the GDP deflator and the consumer price index compare to each other? Select one: a. The GDP deflator compares the price of a fixed basket of goods and services to the price of the basket in the base year, but the consumer price index compares the price of currently produced goods and services to the price of the same goods and services in the base year. The consumer price index compares the price of a fixed basket of goods and services to the price of the basket in the base year, but the GDP deflator compares the price of currently produced goods and services to the price of the same goods and services in the base year. Both the GDP deflator and the consumer price index compare the price of a fixed basket of goods and services to the price of the basket in the base year. Both the GDP deflator and the consumer price index compare the price of currently produced goods and services to the price of the same goods and services in the base year. This table pertains to an economy with only two goods: books and calculators. The fixed basket consists of 5 books and 10 calculators. . Price of Year Price of Books Calculators 2013 $24 $8 2014 $30 $12 2015 $32 $15 Using 2013 as the base year, what is the consumer price index inflation rate in 2015? Select one: a. 12.8% b. 13.8% c. 14.8% CI. 15.8% The following table reports real GDP per person for several different economies in the years 1960 and 2010. The real GDP-per-person figures are denominated in U.S. dollars with a base year of 2005. Real GDP per Person in 1960Real GDP per Person in 2010 Economy (Dollars) (Dollars) United States 15, 136 41,858 New Zealand 12,868 24,397 Indonesia 744 3,993 Taiwan 2,061 32,865 Sri Lanka 790 4,047 Madagascar 1,223 789 Which of the following is true? Select one: a. Taiwan experienced the fastest rate of growth in real GDP per person from 1960 to 2010. O b. United States had the highest level of real GDP per person in the year 2010. O c. Madagascar had negative rate growth of growth in real GDP per person from 1960 to 2010. O d. All of the above