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Question Completion Status: O 2 percent QUESTION 26 The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the

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Question Completion Status: O 2 percent QUESTION 26 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 20 Year Price of Cereal Quantity of Price of Milk Quantity of Cereal Milk 2015 $4.00 100 $1.50 180 2016 $4.00 120 $2.00 200 2017 $5.00 150 $2.50 200 2018 $6.00 180 $3.50 240 a) In 2017, What is real GDP, nominal GDP, and GDP deflator? b) In 2018, What is Real GDP and GDP Deflator? c) In 2018, What is growth rate of Caspir economy and What is inflation in Caspir economy? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt V A V V T 86 0 X2 X, ABC

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